Scholarshare
ScholarShare
Education

It’s one of the greatest gifts you can give your child, grandchild or any special youngster in your life. 

With ScholarShare, California’s official 529 college savings plan, you get the following advantages:

  • You can start saving for your child’s education with as little as $50, or $15 per month with automatic investments
  • You can save up to $350,000 per beneficiary, with no annual account maintenance fee
  • Earnings on withdrawals are federal and state tax-free when used for qualified higher education expenses
  • You can open a ScholarShare account regardless of your income
  • You control the distribution of assets and can take advantage of gift and estate tax benefits
  • You can open a ScholarShare account easily online, by calling (800) 544-5248 or by contacting your financial advisor

What is a 529 Plan?

529 plans are highly regarded college savings vehicles named for the section of IRS code under which they were created. They are:

  • Tax-Advantaged - Earnings on investments grow tax-deferred, and disbursements, when used for tuition and other qualified expenses, are federal and state tax-free
  • Versatile - You can use money saved in a 529 at most accredited two- and four-year colleges and universities, at many vocational-technical schools nationwide, and at eligible foreign institutions
  • Flexible - When it’s time to pay for school, the money can be used for qualified higher education expenses including tuition, books and room and board at many colleges

Who can open and invest in a ScholarShare Account?

Anyone with a child in their life, including parents, grandparents, aunts, uncles and family friends, as long as you are a legal, adult U.S. resident with a Social Security or Federal Tax ID number. There are no state residency requirements on your ability to contribute to an account.

To learn more, visit www.scholarshare.com, call (800) 544-5248 or talk to your financial advisor.

The ScholarShare College Savings Plan is administered by the ScholarShare Investment Board, an agency of the State of California. Neither the principal deposited nor the investment return is guaranteed by the State of California, ScholarShare Investment Board, Fidelity Investments or any affiliate thereof, or the federal government or any agency thereof. Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation.