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Savings Programs

Oklahoma College Savings Plan

It's never too early or late to save for college. The Oklahoma College Savings Plan will benefit you and your family before and during college. The program offers tax advantages, including a $10,000 state income tax deduction. Initial contributions are as little as $100 and continuing contributions as small as $25 or $15 through payroll deduction. Funds can be withdrawn as needed and used for college expenses at nearly all colleges and universities in the United States. For more information, call toll-free (877) 654-7428 or visit the Oklahoma College Savings Plan website.

There are many types of savings programs available. You may be interested in the Coverdell Education Savings Account, an Education IRA or the Education Savings Bond Program. For more information please visit with a representative from your financial institution or visit the Internal Revenue Service's website at www.irs.gov and check out
Publication 970 Tax Benefits for Education.