The Oklahoma College Savings Task Force has unanimously recommended public deposits in Oklahoma 529 College Savings plans for children in low-and-moderate income families. This public investment would expand access to college and help create a cycle of opportunity by allowing families to develop savings and accumulate assets.

The Task Force's three recommendations are:

1. The State of Oklahoma make an automatic deposit at the birth of children to start an Oklahoma 529 College Savings Plan account. In order to provide effective targeting of resources for those in greatest need, eligibility for public deposits will be limited to moderate-to-low income families.
2. The State of Oklahoma will match low-income family deposits into their children’s Oklahoma 529 College Savings plan up to a certain amount.
3. Oklahoma K-12 schools will incorporate information about Oklahoma 529 College Savings Plans into financial literacy education curricula to encourage additional saving and improve financial responsibility. The State will also encourage integration of savings education into financial literacy programs targeting moderate- to low-income families.

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