College Savings Plan Expanded

Thursday, March 5th 2009, 3:04 pm
By: News On 6

OKLAHOMA CITY (AP) - State Treasurer Scott Meacham has announced the Oklahoma College Savings Plan is being expanded to allow families to open an account through their own financial adviser.

Previously, the only way to open a plan was by directly contacting the plan administrator, TIAA-CREF.

Meacham said all of the advantages of the original plan will be included in the new program.

He said an investment made prior to April 15 of this year may entitle the contributor to a tax deduction for 2008.

The announcement was made Thursday.