Mayor Gavin Newsom today joined San Francisco leaders to announce the launch of Kindergarten to College (K2C), the nation’s first universal children’s savings account program, designed to put all children on the path to college. The City will open a savings account with an initial seed deposit for every kindergartner entering public school.
K2C aims to increase college aspirations for every child, while helping families get a head start on college savings. Philanthropic foundations will provide cash matches and incentives to encourage families to save. Emerging research shows these accounts can be a cost effective investment to boost academic performance and increase savings and financial literacy. Read more.
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