ScholarShare Investment Board

Fast Facts

Fast Facts with ScholarShare 529

ScholarShare at a Glance

Amount invested in ScholarShare 529 as of December 31, 2020 $11.36 Billion
Number of open ScholarShare 529 accounts as of December 31, 2020 352,398
Total funds withdrawn from ScholarShare 529 accounts for qualified higher education expenses in 2020 $553.4 Million
Number of portfolios offered by ScholarShare 529 ranging from conservative to aggressive 19
Minimum amount necessary to open a ScholarShare 529 account $1

 

Cost of Attending College

Overall total education loans outstanding, federal and private as of December 31, 2020 (1) $1.7 trillion
Average student loan debt in California in 2019 (2) $28,950
Tuition cost at a two-year California Community College for California residents (2020-2021) (3) $1,104
Total average educational costs at a four-year California State University (“CSU”) for California residents living on-campus (2020-2021) (4) $26,188
Total average educational costs at a four-year University of California (“UC”) for California residents living on-campus (2020-2021) (5) $36,700