Children born in California starting on July 1, 2022, and eligible low-income public school students are awarded a CalKIDS college savings account with an initial seed deposit. In addition, eligible students identified as foster youth or unhoused will receive an additional deposit.
Enrollment is automatic, and families are not required to contribute.
The ScholarShare Investment Board, administrator of the CalKIDS program, will provide an overview of CalKIDS focused on:
• Eligibility determination
• Financial awards available
• Registering your CalKIDS account
• Requesting a distribution of funds
• Benefits of opening and linking a ScholarShare529 account for expanded savings
