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ScholarShare Investment Board

About ScholarShare

Program Information

The ScholarShare Investment Board sets investment policies and oversees all activities of ScholarShare, the stateís 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. The ScholarShare Plan is managed by TIAA-CREF Tuition Financing, Inc.

The ScholarShare Investment Board also oversees the Governorís Scholarship Programs and California Memorial Scholarship Program.

Fast Facts
ScholarShare by the Numbers
as of December 31, 2013

$5.6 billion

Amount currently being invested in the ScholarShare College Savings Program


Number of open ScholarShare college savings accounts


Number of portfolios offered by the ScholarShare College Savings Plan ranging from conservative to aggressive


Minimum amount necessary to open a ScholarShare account


2013-14 total average educational costs at a two-year California Community College


2013-14 total average educational costs at a four-year California State University (“CSU”)


2013-14 total average educational costs at a four-year University of California (“UC”)


2013-14 total median educational costs at a four-year California Independent College

$1.15 Trillion2

Overall total education loans outstanding, federal and private