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.
- 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.
To open an account, visit ScholarShare529 and click on the "Open an Account" button or call (800) 544-5248.
CSU ScholarShare Payroll Direct Deposit Form: Employee 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 www.ScholarShare.com.