ScholarShare Investment Board
The ScholarShare College Savings Plan has successfully transitioned to its new program manager, TIAA-CREF Tuition Financing, Inc. Visit the ScholarShare website for information about your account and changes to the plan.
About ScholarShare
- ScholarShare Website
- Board Members
- Investment Policy
- Regulations
- Events
- Sign up for a ScholarShare account
Program Information
The ScholarShare Investment Board sets investment policies and oversees all activities of ScholarShare, the state’s 529 college investment plan. The program enables Californians to save for college by putting money in tax-advantaged investments. After-tax contributions allow earnings to grow tax-deferred, and disbursements, when used for tuition and other qualified expenses, are federal and state tax-free. The ScholarShare direct-sold plan is managed by TIAA-CREF, Tuition Financing, Inc. The ScholarShare advisor-sold plan is managed by Fidelity Investments.
The ScholarShare Investment Board also oversees the Governor’s Scholarship Programs and California Memorial Scholarship Program.
Fast Facts
ScholarShare by the Numbers
as of December 31, 2011
$4.2 billion
Amount currently being invested in the ScholarShare College Savings Program
248,768
Number of open ScholarShare college savings accounts
19
Number of portfolios offered by the ScholarShare College Savings Plan ranging from conservative to aggressive
$25
Minimum amount necessary to open a ScholarShare account
$13,4161
2011-12 total average educational costs at a four-year California Community College
$22,5771
2011-12 total average educational costs at a four-year California State University (“CSU”)
$31,2001
2011-12 total average educational costs at a four-year University of California (“UC”)
$45,1471
2011-12 total median educational costs at a four-year California Independent College
$974 billion2
Overall total education loans outstanding, federal and private as of December 31, 2011
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1CaliforniaColleges.edu
2FinAid