OKLAHOMA CITY
Administrators at the state’s college savings plan want Oklahomans to learn about the program, and they have developed an incentive plan they think will be hard to pass up: free tickets to Oklahoma and Oklahoma State football games.
Visitors to the Oklahoma College Savings Plan’s Web site can sign up to win football tickets. While there is no obligation to enter, officials hope visitors will learn about the program and eventually participate, said state Treasurer Scott Meacham, chairman of the savings plan board.
“We’re always trying to build awareness,” Meacham said. “One of our biggest challenges is building awareness and so we though what better way than to tie it to football season in Oklahoma.”
The Oklahoma College Savings Plan offers state and federal tax advantages. It is the only tax-advantaged college savings plan with an Oklahoma income tax deduction.
Introduced in April 2000, contributions to an Oklahoma College Savings Plan account grow free from federal and state income taxes. Withdrawals for qualified expenses are also free from federal and state income taxes.
Higher Education Chancellor Glen Johnson said the college savings plan is a good tool that families can use to help prepare in advance for the cost of college.
