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The ScholarShare College Savings Plan is offered by the State of California. TIAA-CREF Tuition Financing, Inc, is the Plan Manager. 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.
- Earnings on after-tax contributions grow tax-deferred
- No federal or state taxes on qualified distributions
- Wide range of investment options
- High contribution limits