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Ohio CollegeAdvantage -- Guaranteed Savings Fund

5 Cap Ratings
(Resident Rating) (Non-Resident Rating)

Ohio CollegeAdvantage Guaranteed Savings Fund, a prepaid/guaranteed savings program was closed to new enrollments and contributions in 2004.

Program Details
Summary: Ohio CollegeAdvantage Guaranteed Savings Fund, a prepaid/guaranteed savings program was closed to new enrollments and contributions in 2004.
Program type: Guaranteed savings
Enrollment period: Closed to new enrollment until further action is taken by OTTA.
State residency requirements: Either the beneficiary or the account owner must be a resident of Ohio at the time of program enrollment.
Maximum contributions: Contributions suspended until further action taken by OTTA.
Minimum contributions: Currently not accepting contributions.
Current value of one unit: As of August 1, 2014:
Tuition Units: $101.25
Tuition Credits: $116.40
Current unit price: Not accepting new contributions.
Are program benefits collateralized or guaranteed in any other way? No
State tax deduction or credit for contributions: Contributions, including rollover contributions, to a Ohio 529 plan of up to $2,000 per beneficiary per year (any filing status) are deductible in computing Ohio taxable income, with an unlimited carryforward of excess contributions. Contribution deadline is December 31.
Web site:
Telephone: 1-800-233-6734
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