The State of California has made college more accessible for millions of children in the state with the launch of the California Kids Investment and Development Savings Program (CalKIDS). Automatically, every eligible low-income public school student in grades 1-12 in California will have a CalKIDS account created in their name with an initial seed deposit ranging from $500 to $1,500. The program is administered by the ScholarShare Investment Board, a California state agency that oversees ScholarShare 529, the state’s official 529 college savings plan.

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