Why Matching Grants?
Nothing has a bigger impact on the professional success and upward economic mobility of young people than a higher education. But, for many families, the dream of sending their children to a community college, trade school, or university has climbed beyond reach as costs and student loan debt skyrocket.
That’s why ScholarShare 529, California’s state-sponsored 529 College Savings Plan, is offering eligible families a matching grant to help kickstart the college planning process. Studies have shown that even children with college savings of less than $500 are three times more likely to enroll in higher education, and four times more likely to graduate, than those without a college savings account.*
Now is the best time to begin saving for your child’s future higher education costs. Let ScholarShare 529 help you get started with a matching grant of up to $225 when you open an account.
The application period is now closed. Awards for qualified applicants will be contributed into accounts by February 28, 2023.
* Source: https://www.sciencedirect.com/science/article/pii/S0190740912004379 (Elliott, W., Song, H-a, & Nam, I. (2013). Small-dollar children’s saving accounts and children's college outcomes by income level. Children and Youth Services Review, 35 (3), p. 560-571.)
Program will end on 12/31/22.