NYC Allows Donors to Help Kindergartners Save for College

Starting Friday, the program, which was launched by former Mayor Bill de Blasio and continued under Mayor Adams, began allowing parents and others to place money in the accounts of more than 65,000 kindergarten students. “I knew nothing about a college savings account as a child,” Adams said Friday at P.S. 169 in the Bronx. “But […]

Adams plants financial literacy seeds for public school students

Mayor Eric Adams this week has been on a mission to help kids across the city learn to read and save for their futures. Adams gathered with parents and lawmakers at Baychester Academy in the Bronx Friday to promote the citywide expansion of the NYC Kids Rise Save for College program, which will give most of the […]

City launches $6.5 million universal college scholarship program for NYC kindergarteners

The city’s expansion of a scholarship program for kindergarteners will disperse $6.5 million to 65,300 kids this year.The Save for College Program will automatically give each kindergartener in New York City public and participating charter schools a $100 deposit into a scholarship fund invested in a NY 529 Direct Plan savings account which can only […]

65,000 NYC kindergarteners now have $100 college savings accounts

The college savings program, introduced last year by former Mayor de Bill Blasio, aims to defray the costs of higher education and encourage long-term investing by giving each of the city’s public kindergarten students a seed investment that they can access when they enroll in college. The accounts were funded at the end of April. Families […]