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Does California have a 529 plan?

California has only one 529 plan, called ScholarShare. But, families can invest in almost any state’s 529 plan, not just California’s 529 plan, so they may wish to shop around. The ScholarShare 529 plan has among the best performance and the lowest fees of all direct-sold 529 plans.

What are the benefits of a 529 plan in California?

529 tax benefits for California savers, with 100% tax-free growth on qualified withdrawals. 529 savings can be used for a wide range of higher education expenses and programs, in California and around the world. Less than half the average expenses of the other 529 plans, which means more money for college.

How do I open a 529 plan account?

Complete the 529 plan application To open a 529 plan account, visit the 529 plan’s website to download a PDF account application or to apply online. Printed account applications can be submitted by mail. Most 529 plan account applications will require the following information:

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