In recognition of Earth Day, the Oregon College Savings Plan and BottleDrop are pleased to announce that Oregonians have now saved $2 million for future higher education expenses through the convenient redemption of bottles and cans.
Since the program's launch in November 2019, nearly 7,000 Oregon families have used bottle collection funds to build college savings. This first-in-the nation program gives Oregonians the opportunity to leverage their commitment to environmental stewardship to support pathways to higher education.
The program offers a convenient way for individuals and families across the state to transform their Oregon Bottle Bill container refunds into valuable savings for higher education. Participants can easily establish automatic transfers from their BottleDrop account into one or more Oregon College Savings Plan accounts.
To date, this collaboration has facilitated the recycling of a remarkable 20 million beverage containers, directly contributing to the educational savings of thousands of Oregon families. BottleDrop account holders enjoy the flexibility to save for their own education, the education of their children or grandchildren, or even contribute as a gift to any Oregon College Savings Plan (OCSP) account.
Opening a new OCSP account is a quick and easy process, typically taking around 15 minutes through OCSP's website or through a dedicated link accessible within their BottleDrop dashboard. A single BottleDrop account can be linked to multiple OCSP accounts, simplifying the savings process.
Beyond saving for college, Oregonians can also contribute to a tax-advantaged Oregon ABLE Savings Plan account designed to help individuals with disabilities and their families save. Similar to OCSP, contributions to an Oregon ABLE account help families qualify for the state's refundable tax credit up to $360.
