Saving for Your Child’s Future

Dear friend,

Are you looking for a way to save for your child's future? Now is the perfect time to start! From now through April 30, 2023, when an eligible student participates in the CalKIDS Program and links a ScholarShare 529 account to their CalKIDS account, they will be given an additional $50 in their CalKIDS account.

Created by the State of California and administered by the ScholarShare Investment Board, CalKIDS is a children’s savings account program that automatically enrolls newborns and eligible low-income public school students, providing free money for college or career training to help families kickstart their child’s education savings.

Funds in a CalKIDS account can grow tax-free when used for future qualified higher education expenses such as tuition, books, computers and more. When students are ready to use their savings to pay for any qualified higher education expense, they can easily request a distribution of funds, including any earnings.

For more information, click here.

Should you have any questions or concerns regarding this or any other state matter, please do not hesitate to call my office at one of the numbers listed below:

Los Angeles: (213) 483-5252

Sacramento: (916) 319-2052

In Service,

WENDY CARRILLO
Assemblywoman, District 52
Chair, Assembly Budget Subcommittee No.4 on State Administration
Chair, Select Committee on Latina Inequities
Vice Chair, Legislative Progressive Caucus