California Kids Investment and Development Savings Program (CalKIDS)
The California Kids Investment and Development Savings Program (CalKIDS) was launched by the State of California in 2022 to assist children with saving funds for their future education. CalKIDS provides financial support for California babies born on or after July 1st, 2022, with up to $100 in college savings through a CalKIDS and ScholarShare 529 savings account. Low-income California students enrolled grades 1st - 12th can also receive up to $1,500 to cover college tuition, fees, and school supplies.
By automatically offering newborns and eligible low-income students an initial seed deposit and financial incentives, CalKIDS ensures that California children they can start their college and career savings journey early on.
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