CalKIDS is a state program that gives children in California a jump start on saving for college.
The State of California is proud to announce the launch of the California Kids Investment and Development Savings Program (CalKIDS). 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.