ScholarShare: California's 529 College Savings Program

Learn about California's 529 Plan, which allows your after-tax contributions for college costs to grow tax-deferred.

The ScholarShare College Savings Plan, managed by Fidelity Investments, is California's 529 college plan. Earnings grow tax-deferred, and distributions for qualified higher education expenses are tax-free.

UCSD employees can make automatic payroll deductions, and the money can be used at accredited colleges, vocational-technical schools, and eligible foreign institutions.

Benefits

• Earnings on after-tax contributions grow tax-deferred
• No federal or state taxes on qualified distributions
• Wide range of investment options
• High contribution limits

Investment options

• Age-based portfolio or custom investments
• Actively managed funds or index funds

Fidelity links

• 529 fact sheet
• Enroll online or request an enrollment kit
• UC payroll deduction form (PDF)

Human Resources

Retirement & Financial Planning

• Workshops Schedule
• University of California Retirement Plan (UCRP)
• Defined Contribution Plan
• 403(b) Tax-Deferred Plan
• 403(b) Loans/ Hardship Withdrawals
• 457(b) Deferred Compensation Plan
• Dependent Flexible Spending Account (FSA)
• Health Flexible Spending Account (FSA)
• ScholarShare
• Emergency Loans
• Retirement Checklist