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ScholarShare College Savings Plan


Eligible employees may participate in California's tax-advantaged 529 college savings plan. The plan is sponsored by the ScholarShare Investment Board, an agency of the State of California, and is managed by TIAA-CREF. There is no employer matching contribution to this program.

Earnings in your ScholarShare plan account grow tax-deferred. When you withdraw money to pay for qualified education expenses, you pay no federal or California state income tax.

Additional Information

  • You may open a ScholarShare account at any time and can start with as little as $25. Automatic transfer from your bank account makes contributing easy!
  • Funds can be used at eligible schools nationwide.
  • 529 usage covers mandatory fees, books supplies and certain room and board costs, and more.
  • Any U.S. citizen or resident alien over 18 years of age can open or gift a 529 account.

Enrollment Process

To open an account, visit ScholarShare529 and click on the "Open an Account" button or call (800) 544-5248.

CSU ScholarShare Payroll Direct Deposit FormEmployee Direct Deposit Form
Complete this form to establish, change or cancel Payroll Direct Deposit instructions on your ScholarShare account(s).

For more information or to enroll, call (800) 544-5248 or visit