ScholarShare Investment Board
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. ScholarShare 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, 2009
$3.3 billion
Amount currently being invested in the ScholarShare College Savings Program
258,795
Number of ScholarShare college savings accounts opened since inception
28
Number of different portfolios offered by the ScholarShare College Savings Plan ranging from conservative to aggressive
$15
Minimum amount necessary to open a ScholarShare account with automatic monthly contributions
$12,3841
2009-10 total average educational costs at a four-year California Community College
$19,5761
2009-10 total average educational costs at a four-year California State University (“CSU”)
$26,9851
2009-10 total average educational costs at a four-year University of California (“UC”)
$45,1471
2009-10 total median educational costs at a four-year California Independent College
$763.4 Billion2
Overall total education loans outstanding, federal and private as of June 30, 2009
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1http://californiacolleges.edu
2http://www.finaid.org