SOURCE: ScholarShare

ScholarShare

June 15, 2016 11:00 ET

ScholarShare Wants Your Pre-K Grad to Become a College Grad

Saving for a Child's Higher Education Is Simple With a ScholarShare 529 College Savings Plan

SACRAMENTO, CA--(Marketwired - June 15, 2016) - Graduation ceremonies are not only for high school and college students. Pre-K toddlers and kindergarteners also finish the end of the school year wearing a cap and gown, warming the hearts of parents and grandparents while celebrating their progression in education.

With graduation top-of-mind this month, ScholarShare, California's 529 College Savings Plan, encourages parents to take the small step of opening a college savings account or contributing to an existing 529 Plan. Soon these grads will be young adults walking across the stage toward a professional certificate or college degree.

Starting early, and saving to offset the cost of higher education is a gift with lasting impact that instills value for higher education along the way. For as little as $25, the cost to open an account with ScholarShare, friends and family members who wish to help alleviate the costs of a child's future college or vocational education can open a new account or make an eGift contribution to an existing account.

Multiple ScholarShare resources are also available to help parents and grandparents develop clear college savings goals, identify the best college savings plan portfolio and make continued savings simple.

Automatic contribution plans can help keep families on track with as little as $15 per pay period using automatic payroll deduction.

Feel confident in your decision with easy-to-understand reasons to save with the California college savings plan, one of the top-rated 529 college savings plans in the country by Morningstar, an independent investment research firm. ScholarShare also has no annual account maintenance fee and is considered one of the most competitively priced 529 plans in the country. Anyone with a valid Social Security Number or Taxpayer Identification Number can open a new account.

About the ScholarShare 529 College Savings Plan:

To sign up for an account or for more information about the plan, visit www.scholarshare.com. For information about the ScholarShare Investment Board (SIB), visit www.treasurer.ca.gov/scholarshare. Like ScholarShare on Facebook at www.facebook.com/scholarshare529 and follow us on Twitter at @ScholarShare529.

Named for the section of the IRS code under which they were created, 529 plans offer valuable tax advantages. Contributions are made with money that has already been taxed. Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education expenses.

The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the State of California.

For more news, please follow the Treasurer on Twitter at @CalTreasurer, and on Facebook at California State Treasurer's Office.