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Philadelphia Inquirer--10,000 NYC schoolchildren to get college savings accounts
NEW YORK (AP) - Some 10,000 New York City children will start kindergarten with $100 in a college savings account thanks to a public-private partnership intended to boost the number of students attending college.
Under the three-year pilot program announced Tuesday, about 3,500 kindergartners will get so-called 529 college savings accounts next fall.
Another 3,500 kindergartners will get the accounts in the fall of 2018 and a third group in the fall of 2019.
Families that meet savings benchmarks will get up to another $200 in matching funds.
http://www.philly.com/philly/education/20161122_ap_fd3e60100eff4bd6890d66509cf10484.html
The Associated Press| Updated: November 22, 2016 — 2:01 PM EST