ScholarShare: California's 529 College Savings Program
Last Updated: April 18, 2018 3:44:44 PM PDT
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Learn about California's 529 Plan, which allows your after-tax contributions for college costs to grow tax-deferred.
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.
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
Learn more
For more information, contact TIAA-CREF at (800) 544-5248.
Notice: The information on this page summarizes provisions of university policies and/or collective bargaining agreements. Refer to the Personnel Policies for Staff Members (PPSM) and local implementing procedures or applicable collective bargaining agreement for full text of referenced information.