Kicking off the new year, Governor Andrew Cuomo announced a free tuition program for low-income New York college students. However, the future is looking even brighter for the kindergarten children of School District 30, who were chosen to pilot the first New York City Child Savings Account Program.
More than 3,000 kindergartners in a school district containing much of northwestern Queens will have $100 allocated to them into scholarship accounts this fall to help them start saving for a college education.
City starts savings account pilot for D30 students Read more: Brooklyn Downtown Star – City starts savings account pilot for D30 students
City officials announced last Thursday that 3,500 students in western Queens will have their own savings accounts as part of a pilot program to promote a culture of saving for college.
“Congratulations to District 30 for being chosen as the pilot program for the NYC Child Savings Account Initiative” said Assembly Member Catherine Nolan, Chair of the Assembly Education Committee.
“I will go to college” is the culture at P.S. 171. It is reflected in artwork from Kindergartners. Thanks to a $10 million donation from the Gray Foundation, created by New York City residents Mindy and Jon Gray, these children are on their way to fulfilling their college dreams.
The city is helping families in one Queens school district pay for college by starting savings accounts for kindergarteners, a pilot program that will include 10,000 students over three years.
“All of NYC’s kids deserve the chance to attend college and pursue their dreams, regardless of their family’s economic status,” the mayor said.
Many Sunnyside/Woodside children to get $100 as part of new college savings program, de Blasio announces
A new non-profit has launched a program to help students save for college, beginning with children in School District 30 that includes large sections of Astoria, Sunnyside, Woodside, Jackson Heights and Long Island City, Mayor Bill de Blasio announced today.
Mayor Bill de Blasio announced on Thursday a new initiative that will give students in School District 30 hundreds of dollars to put toward a college savings account.
The city will open savings accounts for thousands of students in Queens this fall as part of a three-year pilot program that aims to get more kids and families focused on planning financially for college.