posted by: Sean Brown
SALEM -- Katherine Cleland, who considers herself a savvy investor, started saving for college as soon as her two daughters were born.
But with just a year and a half left before her oldest enrolls in college, she has lost about $15,000se of her $50,000 in the Oregon College Savings Plan.
"We are now facing a very difficult time planning for college for our two girls," she told the Hou education committee Friday, her voice breaking.
The committee called plan managers, state officials and investors to testify about the deep losses in the $770 million plan with an eye toward protecting parents like Cleland in the future.
Under questioning by legislators, plan managers deflected blame for the plan's losses and said they are taking steps to improve the plan and restore investor confidence.
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