ScholarShare 529 – 2020 Matching Grant Program

Purpose: Nothing has a bigger impact on the professional success and upward economic mobility of young people than a higher education. But, for many families, the dream of sending their children to college has climbed beyond reach as costs and student loan debt skyrocket. That’s why ScholarShare 529, California’s state-sponsored 529 college savings plan, is offering eligible families a matching grant to help kickstart the college planning process. ScholarShare 529, California’s college savings plan, is offering a matching grant to help families make the most of their college savings. Eligible families, who apply online and open a new ScholarShare 529 account between February 1, 2020 and December 31, 2020, will receive a dollar-for-dollar match up to $200! Plus, families who establish recurring contributions of $25 or more each month when opening an account will receive another $25. Eligible Applicants: The applicant must: (1) submit the application online and open a new ScholarShare 529 account by December 31, 2020, (2) be the parent or legal guardian of the Program Beneficiary (who must be 14 years old or younger as of December 31, 2020 and cannot be a Beneficiary of an existing ScholarShare 529 account), (3) be a California resident at the time of enrollment, and (4) have a household adjusted gross income (AGI) of $75,000 or less. Eligible Geographies: The applicant must be a California resident at the time of enrollment into the Program.

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  scholarshare@treasurer.ca.gov