Department of Personnel Administration

ScholarShare College Savings Plan (California's 529 Plan)

The ScholarShare program enables Californians to save for college by putting money in tax-advantaged investments. After-tax contributions allow earnings to grow tax-deferred. Disbursements, when used for tuition and other qualified expenses, are federal and state tax-free.

The ScholarShare Investment Board manages the state's 529 college investment plan. Please go to www.scholarshare.com for more information.

Updated April 23, 2008 at 3:09 PM.