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ScholarShare 529 – 2020 Matching Grant Program

State Treasurer's Office · 3279

Eligibility details

The applicant must: (1) submit the application online and open a new ScholarShare 529 account by December 31, 2020, (2) be the parent or legal guardian of the Program Beneficiary (who must be 14 years old or younger as of December 31, 2020 and cannot be a Beneficiary of an existing ScholarShare 529 account), (3) be a California resident at the time of enrollment, and (4) have a household adjusted gross income (AGI) of $75,000 or less.

Matching funds & resources

Source matching-funds field: Not Required.

Matching funds and leveraged resources are different requirements. Read the description and reviewed rules below before determining resource commitments.

About this opportunity

ScholarShare 529, California’s college savings plan, is offering a matching grant to help families make the most of their college savings. Eligible families, who apply online and open a new ScholarShare 529 account between February 1, 2020 and December 31, 2020, will receive a dollar-for-dollar match up to $200! Plus, families who establish recurring contributions of $25 or more each month when opening an account will receive another $25.

Funding geography: The applicant must be a California resident at the time of enrollment into the Program.

Funding instrument: Grant. Issuing jurisdiction: California. This is not a geographic eligibility determination.