Message from the Executive Director
It’s an enormous responsibility—one California takes seriously— which is why the good people at ScholarShare 529 work hard to provide every opportunity for your kids to afford the benefits of a California education.
Our investment in education is growing. As of September 2022, there were 385,248 ScholarShare 529 accounts with a total value of $10.9 billion assets under management. That’s a 4.8% increase in the number accounts over the previous year.
Our colleges and universities create greater opportunities for the next generation of Californians. That’s why I spotlight the California State University System in this year’s Report on Higher Education.
Thanks for supporting us in our efforts to make higher education accessible to everyone.
California’s Higher Education System
California’s higher education system has three public segments: California Community Colleges (CCC), the University of California (UC) and California State University (CSU). For 2021–22, there were 737 active colleges and universities—192 public and 545 private—with 2,686,441 undergrad and grad students. Nine colleges offer all programs online, 53 have ROTC and 193 offer study abroad programs. 5
7 Each college offers various educational programs that reflect the character of the region. CCC offers students opportunities for personal growth and professional training, from an associate degree to university transfer. Most CCC also offer distance education by radio and video, off-campus classes in facilities and study abroad.
Five examples of how the nation’s largest university system—the California State University system—is improving education.
Bridging the digital divide
To address tech equity gaps along racial, ethnic and socioeconomic lines, CSU launched the CSU Connectivity Contributing to Equity and Student Success (CSUCCESS) program. The initiative provides a Wi-Fi connectivity package with its free technology distribution program to enhance student achievement and create equitable opportunities. 11
An engine of social mobility
A CSU degree addresses declining levels of economic mobility. CollegeNET’s Social Mobility Index (SMI) once again placed CSU as a top performer in economic mobility, highlighting the transformative power of the California educational system to propel alumni and their families into higher economic strata. 12
CA Undergraduate Resident Tuition Costs
These tuition costs represent the published tuition cost of attending one year of college as a full-time student at each respective institution. Total costs vary depending on expenses and campus you attend.
Next-generation problem solvers
For over 75 years, the Fulbright Program has provided 400,000 participants—chosen for their academic merit and leadership potential—the opportunity to exchange ideas and find solutions to challenges facing our world. 17 All that to say, CSU students are educated to tackle the challenges of tomorrow—climate change, aid for those with disabilities, fire prevention, ocean conservation, earthquakes, etc..
While each of the 23 CSU campuses is one-of-a-kind, they share a common focus on student support and success, affordability and multiculturalism. Here’s a sample of the diverse offerings.
California’s Collegebound Kids
California is proud to announce the launch of the California Kids Investment and Development Savings Program (CalKIDS).
Eligible children include:
Children born in California on or after July 1, 2022, receive up to $100 in college savings.
- $25 seed deposit in a CalKIDS account
- $25 deposit when the account owner registers on the CalKIDS online portal
- $50 when the account owner links a new or existing ScholarShare 529 account to their CalKIDS account
Low-income public-school students, 1st through 12th grade, receive up to $1,500 in college savings.
- $500 for eligible low-income public-school students
- $500 for eligible students identified as foster youth
- $500 for eligible students identified as homeless
Your State Representative
Your State Representative ScholarShare 529 College Savings Plan provides account owners with contact information for their state legislators annually, as required by law. If you’d like to contact your state representative about your ScholarShare 529 account, visit findyourrep.legislature.ca.gov to find the appropriate address and phone number, or contact our office at 916-651-6380.
More resources to explore