ScholarShare is California’s official 529 College Savings Plan and California GEAR UP statewide partner. Anyone can open a ScholarShare Account for anyone else, and more than one person can contribute to a single Account. ScholarShare funds may be used at thousands of eligible educational institutions for tuition, fees, books, supplies, and equipment required for enrollment or attendance, as well as certain room and board expenses. Account owners control the selection of ScholarShare investment portfolios, withdrawals, and change in beneficiary. Note: Transfers and rollovers may be subject to differences in features, costs and surrender charges. Indirect transfers may be subject to taxation and penalties. Consult your tax advisor about your own situation.
Whether your child or loved one is a newborn or entering high school, ScholarShare, California’s 529 College Savings Plan, can help you achieve your college savings goals. Here’s how ScholarShare can make a child’s future brighter:
- California state and federal income tax deferral on any earnings
- Withdrawals for qualified higher education expenses are state and federal income tax free*
- For use at many schools nationwide and abroad — undergraduate and graduate programs, community colleges and trade schools
- Low minimum contribution of just $25 and a high maximum account balance limit
- A low, annual asset-based fee and no annual account maintenance fees
- Family and friends may contribute
To learn more about the ScholarShare College Savings Plan, visit ScholarShare.com or call 800.544.5248.
Consider the investment objectives, risks, charges and expenses before investing in the ScholarShare College Savings Plan. Visit ScholarShare.com, or call the Plan, for a Disclosure Booklet containing this and other information. Read it carefully.
Before investing in a 529 plan, consider whether the state where you or your Beneficiary resides has a 529 plan that offers favorable state tax benefits that are available if you invest in that state’s 529 plan.
The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. Taxpayers should seek advice, based on their own particular circumstances, from an independent tax advisor.
Investments in the Plan are neither insured nor guaranteed except for TIAA-CREF Life Insurance Company’s guarantee to the ScholarShare College Savings Plan under the Funding Agreement for the Principal Plus Interest Portfolio, and there is a risk of investment loss. Account values will fluctuate based on a number of factors, including general market conditions.
TIAA-CREF Tuition Financing, Inc., Program Manager.
ScholarShare’s Program Manager: TIAA-CREF Tuition Financing, Inc. (TFI), part of the TIAA-CREF group of companies, is a leader in 529 college savings plan management. TFI provides program management services for ScholarShare. TIAA-CREF is a national financial services group of companies and a leading provider of retirement services in the academic, research, medical and cultural fields.