ScholarShare Investment Board

Fast Facts

Fast Facts with ScholarShare 529

ScholarShare at a Glance

Amount invested in ScholarShare 529 as of June 30, 2023 $12.7 Billion
Number of open ScholarShare 529 accounts as of June 30, 2023 409,812
Total funds withdrawn from ScholarShare 529 accounts for qualified higher education expenses in 2022 $832.1 Million
Number of portfolios offered by ScholarShare 529 ranging from conservative to aggressive 17
Minimum amount necessary to open a ScholarShare 529 account $1

 

Cost of Attending College

Overall total education loans outstanding, federal and private as of June 30, 2023 (1) $1.7 trillion
Average student loan debt in California (04/2022) (2) $37,084
Tuition cost at a two-year California Community College for California residents (2023-2024) (3) $1,104
Total average educational costs at a four-year California State University (“CSU”) for California residents living on-campus (2023-2024) (4) $28,013
Total average educational costs at a four-year University of California (“UC”) for California residents living on-campus (2023-2024) (5) $41,052