Created by the State of California and administered by the ScholarShare Investment Board, CalKIDS is a children’s savings account program that automatically enrolls newborns and eligible low-income public school children, providing free money for college or career training and helping families kickstart their savings.*
ScholarShare 529 is California’s official college savings plan, offering tax benefits on investment earnings and tax-free withdrawals when used for qualified expenses. Funds in a ScholarShare 529 account can be used at any eligible higher education program, including community colleges and trade schools. Together, CalKIDS and ScholarShare 529 can make saving for the future easier than ever. Link your CalKIDS and ScholarShare accounts to view your college savings in one place, and don’t miss this opportunity to receive more free money for college!