State investigating poorly performing college savings plan

Ryan Kost, January 24, 2009

SALEM, Ore. (AP) - College is coming, and it's coming fast for Katherine Cleland and her family, who are worried about the poor performance of a state college fund that was supposed to earn money to help pay much of the cost.

On Friday, the Oregon House Education Committee held a public hearing about the savings plan, and that fund in particular. The objective, said the chairwoman, state Rep. Sara Gelser, D-Corvallis, was to air the issue in public.

"The attorney general will be doing an investigation and will be asking a lot of questions, but the people of Oregon" won't be able to sit in, Gelser said. "What I'm interested in is 'Is there a way to help some of these families?"'

Tagged with: