Parents seek answers after losing thousands in Oregon College Savings Plan
by Suzanne Pardington and Bill Graves
Zena Wozniak is thriving in her sophomore year at the University of San Diego. But on Thursday, she learned she might have to start shopping for a less expensive public school after her father lost at least $10,000 by investing in what was supposed to be a conservative portfolio of the Oregon College Savings Plan. The fund's poor performance, caused by investing in cheap mortgage-backed securities and corporate bonds, resulted in higher than expected losses in eight of 16 investment portfolios in the state's college savings plan.
The Oregonian, 12/18/2008