Fast Facts with ScholarShare 529
ScholarShare at a Glance | |
|---|---|
| Amount invested in ScholarShare 529 as of June 30, 2023 | $12.7 Billion |
| Number of open ScholarShare 529 accounts as of June 30, 2023 | 409,812 |
| Total funds withdrawn from ScholarShare 529 accounts for qualified higher education expenses in 2022 | $832.1 Million |
| Number of portfolios offered by ScholarShare 529 ranging from conservative to aggressive | 17 |
| Minimum amount necessary to open a ScholarShare 529 account | $1 |
Cost of Attending College | |
|---|---|
| Overall total education loans outstanding, federal and private as of June 30, 2023 (1) | $1.7 trillion |
| Average student loan debt in California (04/2022) (2) | $37,084 |
| Tuition cost at a two-year California Community College for California residents (2023-2024) (3) | $1,104 |
| Total average educational costs at a four-year California State University (“CSU”) for California residents living on-campus (2023-2024) (4) | $28,013 |
| Total average educational costs at a four-year University of California (“UC”) for California residents living on-campus (2023-2024) (5) | $41,052 |
[1] Federal Reserve Bank of New York
[3] https://www.cccco.edu/Students/Pay-for-College
[4] https://www2.calstate.edu/attend/paying-for-college/Pages/campus-costs-of-attendance.aspx
[5] https://admission.universityofcalifornia.edu/tuition-financial-aid/tuition-cost-of-attendance/