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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

248,628

Number of open ScholarShare college savings accounts

19

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

$25

Minimum amount necessary to open a ScholarShare account

$13,9291

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

$22,4881

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

$32,4001

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

$50,4701

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

$1.15 Trillion2

Overall total education loans outstanding, federal and private

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1CaliforniaColleges.edu
2FinAid