Is ScholarShare 529 good?

Low-Cost and Low Fees ScholarShare 529 beats all others because of its low cost and low fees. Most plans out there (e.g. Rowe Price College Savings, New York’s Direct Plan Account, and so on) eat away at your hard-earned savings through pesky fees. But ScholarShare 529 plan is a much more affordable option.

How do I withdraw money from ScholarShare?

How to Do It Online

1. Login to your account online.
2. Select type of withdrawal:
3. Select where the funds will be sent:
4. Select “Partial” or “Total” account balance withdrawal.
5. If you have more than one investment portfolio select “Prorated amount” or “By specific portfolio”
6. Enter the Withdrawal Amount(s).

What is a ScholarShare account?

ScholarShare 529 is a state-sponsored, tax-advantaged 529 college savings plan that’s helping families and individuals plan for the cost of higher education. Any ScholarShare 529 earnings grow free from federal tax. Withdrawals for qualified higher education expenses are tax-free at both the federal and state level.

How do I contribute to a 529 ScholarShare?

You can contribute to a ScholarShare 529 account by making a one-time contribution by check or electronic funds transfer, establishing a recurring contribution, payroll direct deposit, or a rollover from another 529 College Savings Program Account, Coverdell Education Savings Account or qualified U.S. savings bond.

Who are the sponsors of the ScholarShare Plan?

The ScholarShare College Savings Plan is offered by the State of California. TIAA-CREF Tuition Financing, Inc. (TFI), program manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the ScholarShare College Savings Plan. The Plan Web site contains links to other Web sites.

How to contact the ScholarShare college savings plan?

For more information about the ScholarShare College Savings Plan, call 1-800-544-5248 or click here for a Plan Description which includes investment objectives, risks, charges, expenses, and other important information. Read and consider it carefully before investing.

How are fees paid on a ScholarShare account?

These fees are indirectly paid out of the assets of your account. Except for the fees listed below, there are currently no other fees, charges or penalties imposed by or payable to the Plan in connection with opening or maintaining an account.

Who is the underwriter for the ScholarShare Plan?

The ScholarShare College Savings Plan is offered by the State of California. TIAA-CREF Tuition Financing, Inc. (TFI), program manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for ScholarShare College Savings Plan.

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