The State of California is proud to announce the launch of the California Kids Investment and Development Savings Program (CalKIDS).
CalKIDS is a new program from the State of California that provides up to $1,500 in free money for college to eligible public school students.* CalKIDS can help families boost their children’s college savings and increase access to higher education.
CalKIDS gives children in California a jump start on saving for college or career training. To be eligible for CalKIDS, participants must be:
- Born in California on or after July 1, 2022; or
- An eligible low-income public school student in grades 1-12* in California.
All participants receive a seed deposit in a CalKIDS account to help pay for future education after high school.
“Education is the gateway to opportunity for all California kids. Once a mind is stretched, it can never go back.”
—Gavin Newsom, Governor of California
*Please note that eligibility for low-income public school participants is defined by the Local Control Funding Formula.
Check CalKIDS.org to learn more and see if your child is eligible to receive free money for college.