Start by opening a new account with $50 or more.
Meet the eligibility requirements by adding a recurring contribution of $25 or more for at least 6 months.
After 6 months your $50 bonus will be deposited in your account on or before January 31, 2022.
*Click here for complete Terms and Conditions.
Any earnings grow 100% free from federal and state taxes which can mean more money for college.
Withdraw tax free for all qualified education expenses at accredited universities, colleges, or trade schools for tuition, room and board, books, computers and more.
Low fees make your 529 a low-cost investment, allowing your savings to grow faster.1
Your 529 account is viewed as a parental asset for financial aid purposes and counts less against aid eligibility than the same funds held in your child’s name.2
Savings can be applied to any accredited college or university across the country and abroad, as well as at trade schools, community college and technical institutions.
You’re never locked in and can withdraw your funds for any reason at any time.3
Funds in your child’s account are transferable to another eligible family member, which includes siblings, stepchildren, parents...even first cousins.
For more helpful advice about saving for your child's college education, simply enter your email address below.
*When you open a new ScholarShare 529 College Savings Plan account with a $50 contribution (and sign up for recurring contributions of $25 or more per month for a minimum of 6 months) between May 24, 2021, at 12:01 a.m. and May 31, 2021, at 8:59 p.m. (PT), ScholarShare 529 will match $50 on or before January 31, 2022. Void where prohibited or restricted by law. Promotion ends 05/31/21. Sponsored by the California 529 College Savings Plan.
1ISS Market Intelligence 529 College Savings Fee Analysis Q1 2021. ScholarShare 529’s average annual asset-based fees are 0.26% for all portfolios compared to 0.56% for all 529 plans.
2The treatment of investments in a 529 savings plan varies by school. Assets are typically treated as the account holder’s and not the student's. (Student assets are generally assessed at 20% whereas parental assets are generally assessed at 5.6%.) Any investments, including those in 529 accounts, may affect the student’s eligibility to get financial aid based on need. You should check with the schools you are considering regarding this issue.
3To learn more about the California 529 College Savings Plan, its investment objectives, tax benefits, risks and costs, please see the Plan Description at ScholarShare529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Consult your legal or tax professional for tax advice. If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Non-qualified withdrawals may also be subject to an additional 2.5% California tax on earnings.
For more information about the ScholarShare College Savings Plan, call 1-800-544-5248 or click here for a Plan Description which includes investment objectives, risks, charges, expenses, and other important information. Read and consider it carefully before investing.
Please note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your legal or tax professional for tax advice based on your own circumstances. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss.
If the funds aren’t used for qualified higher education expenses, a federal 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Non-qualified withdrawals may also be subject to an additional 2.5% California tax on earnings.
The ScholarShare College Savings Plan is offered by the State of California. TIAA-CREF Tuition Financing, Inc. (TFI), program manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the ScholarShare College Savings Plan.
The Plan Web site contains links to other Web sites. Neither the Plan nor TFI and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.
All social media platforms are managed by the State of California.
TIAA-CREF Tuition Financing, Inc. serves as program manager for ScholarShare College Savings Plan (the “Plan”). Ascensus College Savings Recordkeeping Services, LLC provides recordkeeping and account processing services.
Our cybersecurity response program is designed to help keep your financial information safe and is intended to comply with applicable federal and state laws. Online security is a shared responsibility between you, the account owner, and us, the service provider. Safeguarding your assets, your personal information, and privacy is one of our fundamental priorities. We utilize a variety of controls to detect and prevent unauthorized access to our network and sensitive information.
We are committed to keeping your financial information secure. Please know that we'll never call or email you to ask you for your login credentials. If you receive a suspicious message, don't click on any of the links or respond with personal information. Please report suspicious activity by calling your plan's customer service at 1-800-544-5248.
While we strive to keep your information and transactions safe, there are actions you can take to contribute to your own security. The following are some best practices to follow.
When buying online, look for online merchants who are members of a seal-of-approval program that sets voluntary guidelines for privacy-related practices, such as TRUSTe, Verisign, or BBBonline.
Identity theft involves the impersonation of an individual through the fraudulent use of his or her personal and account information - e.g., driver's license, Social Security number, bank account and other numbers, as well as usernames and passwords.
Identity thieves obtain information in a number of ways:
Avoid being a victim of a social engineer or scam artist by being an educated and aware online consumer. Learn more by visiting OnGuard Online, a service of the U.S. Federal Trade Commission and other federal agencies. OnGuard Online provides information about avoiding scams, understanding mobile apps and Wi-Fi networks, securing your home computer, and protecting family members.
If you are a victim of an Internet crime, report it to IC3, a service of the U.S. Federal Bureau of Investigation and the National White Collar Crime Center. You should also report attempted identity theft to the local authorities as well as to the Federal Trade Commission's Complaint Assistant Application.
While there is no way to completely eliminate the risks of fraud or identity theft, there are things that you can do to help protect yourself and minimize the risk.
We use the following methods to help keep your online transactions and personal information safe and secure.