SACRAMENTO, Calif.--(BUSINESS WIRE)--Summer is a special time full of memories, fun times, and celebrations. ScholarShare 529 - California’s official college savings plan – wants to help you celebrate this exciting time of year by encouraging you to get started on your family’s college savings journey with a very special offer: open a new account now through Aug. 31, 2024 with an initial deposit of $250 and get an extra $25 in your account when you use the promotional code: Summer25. To take advantage of this offer, visit ScholarShare529.com/Summer25.
ScholarShare 529 has been helping California families save for college for more than two decades and is a tax-advantaged, flexible way to save for higher education. Withdrawals are free from state and federal taxes when used for qualified higher education expenses, such as tuition and fees, computer equipment, books, or certain room and board costs. ScholarShare 529 also provides 100% tax-deferred growth, which can mean more money for college.
Taking advantage of this special summer promotion is easy*:
- Open a new account at ScholarShare529.com/Summer25 and deposit at least $250.
- Use promo code Summer25 in the Promotion Code field of the online account opening application.
- ScholarShare 529 will add $25 to your account on or before September 30, 2024.
Visit ScholarShare529.com/Summer25 or call 1-800-544-5248 for complete terms and conditions. Promotion ends 8/31/2024.
*Sponsored by ScholarShare 529. Offer limited to accounts opened online. The initial $250 deposit must be received within 10 business days after the account is established. The Bonus Deposit will be made to the eligible ScholarShare 529 account on or before 8:59 PM PT on September 30, 2024. Limit: one (1) Bonus Deposit per new ScholarShare 529 account per unique accountholder/ beneficiary combination. To learn more about California's ScholarShare 529, its investment objectives, risks, charges and expenses see the Plan Description at ScholarShare529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, is the distributor and underwriter for ScholarShare 529. If the funds aren't used for qualified higher education expenses, a federal 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Non-qualified withdrawals may also be subject to an additional 2.5% California tax on earnings.
