College & Career

Ohio

Ohio CollegeAdvantage -- Guaranteed Savings Fund
5 Cap Ratings
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Summary

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, 2011:
    Tuition Units: $95.08
    Tuition Credits: $109.34
  • 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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