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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 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.