CollegeAdvantage is Ohio's 529 college savings program featuring tax-free savings,
low fees, and a wide range of investment options managed by Putnam Investments,
The Vanguard Group and Fifth Third Bank.
CollegeAdvantage offers FDIC-insured CDs, now featuring 5% APY on terms of 4 years or longer. We offer CDs with a wide variety of terms, from 3 months to 12 years, all with a low $500 minimum opening deposit.
Contribute by December 31 and take your $2,000 state of Ohio tax deduction. CollegeAdvantage is the only 529 college savings program that allows Ohio taxpayers to deduct their contributions from Ohio taxable income.
REFER A FRIEND PROGRAM: $25 FOR YOU AND $25 FOR YOUR FRIENDS AND FAMILY!
For a limited time, current customers can earn a $25 referral bonus when friends and family open a CollegeAdvantage direct account. New account must be opened by Dec. 15, 2008 in order for both of you to receive the $25 referral bonus.
If you are not an Ohio taxpayer, before you invest, consider whether your home state offers a 529 plan that provides its taxpayers with state tax or other benefits not available through this plan.
CollegeAdvantage is a 529 college savings plan offered and administered by the Ohio Tuition Trust Authority (OTTA). OTTA has overall responsibility for the day-to-day operations of the program, including record-keeping and transfer agency services.
CollegeAdvantage is described in the current Offering Statement and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before opening an account.
Any investment in a CollegeAdvantage investment option is not insured or guaranteed by the FDIC or any other governmental agency or other party, including the state of Ohio, OTTA or any of the mutual fund firms under contract with OTTA. Any investment in a Fifth Third investment option, however, is insured by the Federal Deposit Insurance Corporation (FDIC), up to the limits set by the FDIC. An investment in a CollegeAdvantage mutual fund investment option is not a direct investment in a mutual fund itself. Except for the Fifth Third investment options, participants assume all investment risk of an investment in CollegeAdvantage, including the potential loss of principal. Regular investing does not ensure a profit or protect against a loss in a declining market. The amount actually available for withdrawal will depend on the investment performance of the investment options chosen.
