ScholarShare 529 launches Matching Grant Program

Beginning February 1, 2021, a program by ScholarShare 529, California’s official college savings plan, provides eligible families with up to $225 if they open an account and contribute regularly.

The Matching Grant Program, designed to help low- to moderate-income families save for their children’s future college expenses, provides a dollar-for-dollar match for contributions to a new ScholarShare 529 account up to $200 and a $25 bonus for establishing an automatic contribution plan.

The program is open to all families who meet the eligibility requirements. Nearly half of California’s population is eligible to participate, according to U.S. Census Bureau household income data.
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