CalKIDS provides scholarships for newborns – Santa Clarita Valley Signal
News release
L.A. County families welcoming a new baby can also celebrate another milestone: their child’s very first scholarship. Through the California Kids Investment and Development Savings Program, every child born in the state on or after July 1, 2022, automatically has a CalKIDS Scholarship Account waiting in their name — including more than $21 million in scholarship funds set aside for children in Los Angeles County alone, according to a news release from the program.
CalKIDS is the nation’s largest children’s development account program, designed to support college and career training. For newborns and young children, the state invests up to $175 in a CalKIDS Scholarship Account:
“CalKIDS is one of California’s most visionary investments,” Los Angeles City Councilman Adrin Nazarian, who led the creation of the program during his time in the State Assembly, said in the release. “We imagined how a baby’s first scholarship could lay the groundwork for a lifetime of opportunity. It empowers families across California to dream bigger and start planning sooner.”
With August, September, and October among the most common birth months in California, thousands of families are becoming newly eligible for a CalKIDS Scholarship. Claiming is free at CalKIDS.org. Parents and guardians just need three pieces of information:
Once claimed, families can log in anytime to view balances, link a ScholarShare 529 Account, and learn how funds can be used. Eligible expenses include tuition and fees, required books and supplies, and computer equipment at accredited higher education institutions nationwide.
Filled with the top stories to start your day, and emergency news alerts.
25060 Avenue Stanford, St. 141
Valencia, CA, 91355
Main Desk: 661-259-1234
Newsroom: 661-255-1234
Advertising: 661-287-5564
Have a news tip? Let us know!
© 2020 The Santa Clarita Valley Signal. The Signal is property of Paladin Multi-Media Group, Inc.
