Get $50, when you open a new ScholarShare 529 account between February 24 and May 25, 2020 with an initial deposit of at least $100 and establish an automatic investment plan of at least $25 per month.*
Benefits of a ScholarShare 529 College Savings Plan:
There are a number of compelling reasons to choose ScholarShare 529 for your college savings:
- 100% Tax-Free Growth – With a ScholarShare 529 account, your savings grows free of federal and state taxes, which can result in up to 25% more money for higher education.
- Low Cost – ScholarShare 529 Portfolios charge less than half the national average for 529 plans.**
- Go Anywhere – Your ScholarShare 529 savings can be used at any accredited school in the US, including community colleges, trade schools, 4-year public and private universities, graduate programs, and institutions abroad.
- Investment Choice – The ScholarShare 529 Plan offers a variety of professionally managed portfolios to fit your life situation, risk tolerance, and college savings goals.
Step 1 – Open An Account
Step 2 – Register to receive your $50 match
*When you open a new California 529 College Savings Plan account with a $100 contribution (and sign up for ongoing automatic contributions of $25 or more per month ) between February 24, 2020, at 12:01 a.m. and May 25, 2020, at 11:59 p.m. (PST), ScholarShare 529 will match $50 on or before December 31, 2020. Visit ScholarShare529.com/USC for official Terms and Conditions. Void where prohibited or restricted by law. Sponsored by ScholarShare 529 College Savings Plan.
**Source: Strategic Insight 529 College Savings Fee Analysis 4Q 2019. ScholarShare 529’s average annual asset-based fees are 0.29% for all portfolios compared to 0.59% for all 529 plans.
To learn more about the California 529 College Savings Plan, its investment objectives, tax benefits, risks and costs, please see the Plan Disclosure 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, including the impact of the new federal tax changes. 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. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the California 529 College Savings Plan.
For terms and conditions, click here.