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Scholarshare is the California State 529 plan, a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of a designated beneficiary. [ 1 ] Notes
The ScholarShare Investment Board is a body established by the State of California to set the investment policies of, and oversee all the activities of, ScholarShare, the state’s 529 college investment plan, as well as the Governor’s Scholarship Programs and also the California Memorial Scholarship Program. [1]
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
California’s plan, ScholarShare 529. California’s ScholarShare 529 is available to residents of any state, and it includes funds from TIAA-CREF, Vanguard, T. Rowe Price and others. The plan ...
A 529 plan is a college savings plan that provides tax advantages when used for qualifying purposes. A 529 plan is something like a Roth IRA or 401(k) plan designed for educational savings.
With student loan debt reach record levels, American families are seeking more ways to help their children save for higher education. One solid option is investing in a 529 college savings plan.
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