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ScholarShare Investment Board

About ScholarShare

Request for Proposals (RFP) for Program Management Services for the Governor's Scholarship Programs

For a copy of the RFP, contact the ScholarShare Investment Board.

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.

 

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Fast Facts
ScholarShare by the Numbers
as of June 30, 2009

$2.90 billion

Amount currently being invested in the ScholarShare College Savings Program

247,589

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

6.2

Average number of years it takes a student to earn a Bachelor’s degree at a public university

$800,000

The gap, over a lifetime, in earning potential between a high school diploma and a Bachelor of Arts degree

6.4%

Average increase in tuition and fees at a four-year public college or university in 2008-09

$34,132

Average total tuition and fees and room and board costs at a four-year private college or university

62%

Percent increase in the average cost for tuition and fees at University of California campuses over the last 10 years

$17.3 billion

Amount borrowed by students, in private nonfederal loans, to help finance their education