Oklahoma State Treasurer Todd Russ
Oklahoma 529 has once again proven to be a top choice for families saving for education expenses. For the fifth consecutive year, the plan has earned a Bronze Morningstar Analyst Rating™, distinguishing itself as one of only 32 plans to receive this honor among the 59 reviewed by Morningstar, covering over 90% of the industry’s assets.
Morningstar praised Oklahoma 529 for its “well-structured investment strategy” and highlighted the state’s generous tax benefits, allowing annual deductions of up to $20,000 for joint filers. Treasurer Todd Russ emphasized the plan’s strengths, stating, “This high rating from Morningstar, one of the nation’s most respected investment research firms, demonstrates Oklahoma 529’s status as a reliable, cost-effective option for families planning for future education needs.”
Since 2020, Oklahoma 529 has held its Bronze rating due to consistent excellence in investment strategy, oversight, and affordability. Key 2024 updates include a 50% reduction in management fees, saving participating families over $1 million annually. With no application, cancellation, commission, or transfer fees, Oklahoma 529 ensures low costs, which can lead to greater savings.
Families can open an Oklahoma 529 account with just $25, and investment expenses are among the lowest nationwide—less than half the industry average and one-quarter of broker-sold plans.
The plan’s versatility extends beyond college tuition. Oklahoma 529 funds can also be used for:
- Tuition and fees at career, graduate or professional schools,
- K-12 tuition (up to $10,000 annually per student),
- Expenses for certified apprenticeship programs,
- Concurrent enrollment, and
- Student loan repayment (up to $10,000 lifetime limit per individual) and
- A qualified Roth IRA rollover.
This recognition complements the highest “Best” Rating for residents awarded to Oklahoma 529 by SavingforCollege.com, underscoring its performance, ease of use, and program delivery.
“As we approach Oklahoma 529’s 25th anniversary in 2025, we remain committed to improving the program and making higher education more accessible for families across the state,” Treasurer Russ said. “Oklahomans can be confident in choosing Oklahoma 529 as their trusted partner in saving for education.”
For more information about the plan, its benefits, and how to start saving, visit oklahoma529.com.
About Oklahoma 529
Since 2000, Oklahoma 529 has been helping Oklahoma families save for education expenses. The Plan is overseen by the Oklahoma Board of Trustees and chaired by Oklahoma State Treasurer Todd Russ. Throughout 2024 and 2025, Treasurer Russ is visiting Oklahoma communities to speak about the importance of preparing for the cost of higher education and how Oklahoma families can begin saving. If you would like Treasurer Russ to speak to your organization or club, please contact 405-522-6285. For media requests please contact 405-522-4263.
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