Child Savings Account Grant Program

Overview

The California Student Aid Commission (Commission) is accepting grant applications from qualifying entities, including California local government agencies and nonprofit organizations, that sponsor or collaborate on one or more comprehensive citywide or regional child savings account programs. The Commission will provide funding for a grant period beginning upon the disbursement of funds from the Commission, which is anticipated to be on or about March 8, 2021. Funds shall be available for encumbrance or expenditure until June 30, 2022.  Funds that will be awarded are available based on an eligible applicant’s timely submitted and properly completed application and proposed budget. The total funds available for this grant program is ten million dollars ($10,000,000).  The Budget Act of...