All families of low-income public school students in California – 3.4 million across the state – can now access college savings accounts created in their children’s names, with seed investments of between $500 and $1,500. California launched the CalKIDS program on Wednesday. The largest college savings program in the country invests $1.9 billion into ScholarShare 529 college savings accounts for low-income children in grades one through 12, and for newborns born on or after July 1, 2022. For babies born after July 1, parents can register online. |