ScholarShare 529 is the official college savings plan of California. Employees can save thousands of dollars in taxes on their college savings through payroll deduction with ScholarShare 529 – at no cost to their companies. With 100% tax-free growth, families can have up to 25% more money for higher education – funds which can be used for a range of qualified expenses at eligible schools nationwide. So, whether a child is headed to an Ivy League school or a culinary academy, needs funds for tuition or textbooks, ScholarShare 529 is a smart, tax-advantaged way to save for their bright future.