Strong Capital and U.S. Bancorp Asset Management, the investment advisor to First American Funds have partnered with the state of Oregon to offer a national 529 plan.

The FACTS 529 Plan, which is also known as the Oregon College Savings Plan, enhances Oregon’s current 529 offerings to include tax benefits that went into effect in 1997 and the beginning of this year, the companies said.

In addition, portfolio costs will be fixed and overall expenses for participating in the plan will be reduced to compete with other 529 programs.

Oregon first launched its 529 program in 2001 and has since garnered more than $43 million in assets that will be used for the education of 10,000 students. The plan is available nationally.

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