ScholarShare 529 will provide families with a 529-day college savings incentive
SACRAMENTO, Calif .– (BUSINESS WIRE) – Californian families looking for the right time to open a university savings account for loved ones will get a special financial boost if they do it between May 24 and May 31. ScholarShare 529, California’s official university savings plan, commemorates 529 Day (May 29) by offering a $ 50 bonus to families who open a new account with $ 50 or more, and set up recurring contributions of $ 25 or more for six months.
“I encourage every family to take advantage of the ScholarShare 529 days offer,” said Julio Martinez, Executive Director of the ScholarShare Investment Board. “This extra $ 50 increase can be a huge help when opening a savings account, especially if you have multiple children. Once you have opened an account, it is important to know that you are not limited as to who can contribute funds. Whether with family or friends, anyone can contribute with any amount, at any time. ”
Those who register within the time limit will join the influx of other California families who have pledged to save for college over the past year, despite the onslaught of the COVID-19 pandemic. The straightforward application process, low initial investment options, and the various benefits of the plan, including 100% tax-free growth, make ScholarShare 529 plans an attractive choice for families looking to start their path to education. achievable academic.
ScholarShare 529 savings can be used at accredited institutions for approved higher education expenses, statewide or worldwide. Funds can pay for tuition, fees, computers, textbooks, room and board on campus, or off-campus rental. If a student decides not to attend university, the account can be transferred to another eligible beneficiary at no cost.
About ScholarShare 529
ScholarShare 529 serves as California’s official college savings plan. Administered by the ScholarShare Investment Board, ScholarShare 529 provides families with a valuable tool that offers a diverse set of investment options, tax-deferred growth, and state and federal tax-free withdrawals when used for qualified graduate education expenses, such as tuition and fees. , books, some room and board expenses, computer equipment and other necessary supplies. ScholarShare 529 manages $ 12.2 billion in plan assets across more than 359,000 accounts as of 4/30/2021.
To open a ScholarShare 529 account or get more information about the plan, visit https://www.scholarshare-espanol.com/. Spanish speaking representatives are available to assist you with the registration process. Call: 1-800-544-5248, MF. – 8:00 a.m. to 7:00 p.m. PT
For more information on the ScholarShare Investment Board, visit www.treasurer.ca.gov/scholarshare, like ScholarShare 529 on Facebook at https://www.facebook.com/ScholarShare529.Espanol, subscribe to the YouTube channel on https://www.youtube.com/channel/UCtlSHU65BSCSpYCAmSVXl4Q and follow them on Twitter at @ ScholarShare529.