en español

ScholarShare College Savings Plan — It All Starts with an Education!

Higher education is the gateway to a child's future. It opens minds and leads to endless opportunities. Even if your child receives a CalGrant award or other form of financial aid when the time comes, saving for college now will be a key step in providing financial flexibility down the road.

Thanks to a program sponsored by the State of California — the ScholarShare College Savings Plan — you have a smart and flexible way to help save for future higher education expenses. The ScholarShare College Savings Plan is administered by the ScholarShare Investment Board, which is chaired by California State Treasurer Bill Lockyer.

It's smart because with ScholarShare, California's 529 Plan, earnings grow tax-deferred, unlike many other college savings vehicles. Best of all, distributions from your ScholarShare account are free from federal and state income taxes when used for qualified higher education expenses. Qualified higher education expenses include tuition, fees, certain room and board costs, books, supplies, and equipment required for college enrollment and attendance.

It's flexible because you don't need to know today where your child will attend college. Funds in a ScholarShare account can be used at virtually all accredited colleges and universities, some vocational and technical schools, or other postsecondary institutions like graduate school — in California, any other state in the country, and even at some schools abroad.

Aside from a low management fee, you pay no application fees, sales charges or annual maintenance fees for your ScholarShare account. All it takes is $50 to get started, or $15 if you set up an automatic investment plan. In order to reach your college savings goals, you should start right away. With the ScholarShare College Savings Plan and a regular savings routine, you'll be on your way toward making a higher education more affordable and your children's future more secure.

www.scholarshare.com

Open a New ScholarShare Account
ScholarShare Savings Calculator