The state of California is helping eligible children save money for college. The California Kids Investment and Development Savings (CalKIDS) program is a taxpayer-funded scholarship program designed to help kids save money for college from the day they are born. Launched in 2022, scholarship accounts are awarded to youth across the state with no financial contribution required.
CalKIDS automatically enrolls:
- Children born in California on or after July 1, 2022, and
- All eligible low-income 1st through 12th grade students enrolled in a California public school and identified by the Local Control Funding Formula (LCFF) as of Oct. 6, 2021.
The program grants up to $100 automatically to every child born in California on or after July 1, 2022, and up to $1,500 to eligible low-income students.
To check your child’s eligibility in the program, use the CalKIDS.org eligibility tool…