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341 (07/2026) Chapter 2:Eligibility • Section 5: Financial eligibility
If a countable distribution is retained into the month following the month of receipt, it is a countable resource of the designated beneficiary. • Gifts that are set aside to pay educational expenses are treated in accordance with subsection (c) of this section, except that the exclusion does not apply to any portion set aside or actually used for food or shelter. See OAR 461-145-0150 for information on other types of educational income. For MSP: • Funds held in a Qualified Tuition Program under Section 529 of the Internal Revenue Code or a Coverdell Education Savings Accounts are excluded as a resource. • Distributions from a Coverdell Education Savings Account to a designated beneficiary are treated as follows:
They are excluded as income in the month of receipt.
They are excluded as a resource
If the beneficiary spends any portion of a distribution for a purpose other than the educational expenses of the beneficiary, or no longer intends to use the funds for the educational expenses of the beneficiary, the non-education portion of the distribution is countable as unearned income at the earlier of the following: » The month the funds are spent. » The month the beneficiary no longer intends to use the funds for educational expenses. For SNAP: Also exclude funds in a qualified tuition program under section 529 of the Internal Revenue Code or in a Coverdell education savings account. Oregon Administrative Rule(s) 461-145-0145 — Educational Account 410-200-0015 (54) and (55) — General Definitions Inheritance An inheritance may be received in the form of monies, property or other assets. In ONE, Inheritance is coded on the Unearned Income screen: • Unearned Income Category – Inheritance & Trust • Unearned Income Type – Inheritance An inheritance is treated as follows: • For all programs except ERDC:
A noncash inheritance is treated according to the policy for a specific type of asset inherited.
A cash inheritance is counted as periodic or lump-sum income. • For ERDC, an inheritance is excluded.