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Education

State treasurer, lieutenant governor announce $50 Matching College Savings Program

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Written by: Elizabeth Larson
Published: 30 May 2019
From left, California State Treasurer Fiona Ma, the ScholarShare mascot and Lt. Gov. Eleni Kounalakis on Wednesday, May 29, 2019. Courtesy image.

SACRAMENTO – As California and the nation celebrated 529 College Savings Day on Wednesday, State Treasurer Fiona Ma – joined by Lt. Gov. Eleni Kounalakis – announced that there is still time left in a matching promotion that gives people $50 in exchange for starting a ScholarShare 529 College Savings Plan.

To be eligible for the matching promotion, participants must open a new ScholarShare 529 account between May 28 and May 31, 2019, with a minimum $50 deposit – to be contributed and invested at the time the new account is opened – and sign up for an automatic contribution plan of $25 or more for a minimum of six months.

"What if I told you that by giving up five trips to Starbucks and one meal out per week you could save enough to cover a full year of private school tuition in 18 years!" said Ma. "That's right, by investing just $160 per month in a 529 college savings plan you could end up with $62,286 by the time your newborn is ready for college, based on an annual investment return of 6 percent."

"Thank you Treasurer Ma for your leadership in ensuring that parents and families can easily and conveniently open a 529 college savings plan to start saving for their children’s future today. A 529 account can be used to pay not only for tuition but for certain room and board costs, technology, books and other necessities. I encourage families to invest now in saving for their children’s education," said Kounalakis.

A matching deposit of $50 will be made to the eligible ScholarShare account on or before 11:59 p.m. PST on Jan. 31, 2020. There is a limit of one matching deposit per new ScholarShare 529 account opened for each new beneficiary.

The average student loan debt is $36,521. According to the U.S. Department of Education’s College Affordability and Transparency Center, there is $1.48 trillion total student loan debt in the United States www.collegecost.ed.gov . That’s up from $620 billion in 2008, according to the Federal Reserve Bank of New York. When Californians are saddled with student loan debt, they are not able to buy homes, cars, and other products that boost the economy.

The ScholarShare 529 College Savings Plan has more than 322,000 accounts and over $9 billion in assets. In 2018 alone, more than $513 million was withdrawn for qualified higher education expenses. With 100-percent tax-free growth, families can accumulate up to 25% more money for higher education – funds which can be used for a range of qualified expenses at most trade schools, colleges, and universities nationwide.

ScholarShare 529 is administered by the ScholarShare Investment Board, which is chaired by California State Treasurer Fiona Ma. TIAA-CREF Tuition Financing, Inc. Program Manager.

To learn more about the ScholarShare 529, visit www.ScholarShare529.com .

Woodland Community College Lake County Campus hosts Super Saturday open registration

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Written by: Elizabeth Larson
Published: 29 May 2019
CLEARLAKE, Calif. – Lake County Campus of Woodland Community College is hosting a “one stop shop” event on Saturday, June 8, from 9 a.m. to 1 p.m. to help students sign up for summer and fall classes.

It is not too late to get started on your career path.

All interested potential students should come to the Administration Building where application workshops, placement information, counseling services, registration and financial aid information will be provided.

Students should bring their Social Security card or alien registration number (if applicable), a picture ID, and high school transcripts (if available).

The Summer Semester begins Monday, June 10, and the Fall Semester begins Monday, Aug. 19.

Summer hours for the administration office will be 8 a.m. to 5 p.m. Monday through Thursday (closed on Fridays) starting June 3.

The campus is located at 15880 Dam Road Extension in Clearlake.

Everyone is welcome.

For more information, call 707-995-7900.

Mendocino College hosts 33rd annual Native American Motivation Day

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Written by: Mendocino College
Published: 26 May 2019
UKIAH, Calif. – Mendocino College held its 33rd annual Native American Motivation Day on Friday, May 10, bringing more than 300 American Indian students in grades 6-12 from the community to the campus.

The goal of this event is to motivate youth to pursue higher education, provide them with an opportunity to learn about Mendocino College programs, and meet representatives from local organizations and four year universities.

The event was attended by students from Ukiah High School, South Valley High School, New Beginnings, Pomolita Middle School, Eagle Peak Middle School, Upper Lake Middle School, Upper Lake High School, Clearlake High School, Kelseyville High School, Point Arena, Terrace Middle School, Laytonville High School, Potter Valley High School, Mountain Vista Middle School, Willits High School and Baechtol Grove Middle School.

The day consisted of breakout sessions, a career panel, a keynote speaker, and lunch. The career panel included Sheriff Tom Allman; Jessica Aikman, LVN; Tina Rader, human resources director, Savings Bank; and Dan Buffalo, finance director for the city of Ukiah.

This year’s keynote speaker was Mikela Jones, a member of the Little River Band of Pomo Indians located in Northern California. Though he is not a member, he is also a relative of the Paiute Shoshone Tribe in Owyhee Nevada.

He holds a Bachelor of Arts from CSU, Sacramento in philosophy with an emphasis in ethics and applied law and a Master’s of Science from San Diego State University in school counseling.

Jones is currently the principal for the United Auburn Indian Community School outside of Sacramento. He also has a consulting business, providing trainings on leadership, wellness, and motivation and has been doing community wellness and leadership trainings for over 20 years.

He lives by the words, “Success is not by chance, but by choice,” and promotes this philosophy throughout Indian Country.

The Ukiah campus of Mendocino College is located at 1000 Hensley Creek Road, Ukiah.

Thompson announces 2019 Summer Reading Challenge, encourages all CA-05 Pre-K through eighth grade students to join

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Written by: Elizabeth Larson
Published: 24 May 2019
NORTH COAST, Calif. – Rep. Mike Thompson (CA-05) has announced the start of his 2019 Summer Reading Challenge for students through eighth grade in California’s Fifth Congressional District.

“Reading is a fundamental part of a developing child’s interaction with the world – sparking imagination, encouraging the exploration of new topics, and keeping active academically in the summer months. That’s why I am excited to announce the start of my 2019 Summer Reading Challenge,” said Thompson. “Students and parents are encouraged to sign up and be challenged to read throughout the summer and those who register will be recognized for their reading pursuits. I hope all our local students will participate.”

Each year, Thompson’s Summer Reading Challenge encourages local students to read throughout the summer months.

Reading lists are developed by the Association for Library Service to Children and are broken down by grade so all recommendations are age appropriate.

That list can be found by clicking here.

Thompson will recognize all students who participate at an event at the end of the summer. Students, parents, and teachers should sign up by clicking here.

Thompson represents California’s Fifth Congressional District, which includes all or part of Contra Costa, Lake, Napa, Solano and Sonoma counties.
  1. Legislation to help community college students cover total cost of attendance passes Senate
  2. Community Colleges Board of Governors to extend contract with Chancellor Eloy Ortiz Oakley
  3. Konocti Education Center plans May 24 flag ceremony
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