San Francisco, California
London, United Kingdom
Offered to: All Kindergarten, 1st and 2nd Grade teachers of K2C students. A $90 stipend will be provided to all teachers who complete the full session.
Did you know starting this fall, every kindergarten student entering SFUSD automatically receives a college savings account with an initial $50 deposit from the City and County of San Francisco? This isn’t merely a “nice thing to do;” good intentions wouldn’t justify a program this ambitious. Rather, Kindergarten to College is a powerful, ongoing investment in a stronger, healthier city. College-educated people are a critical part of a city’s success. They’re more likely to have jobs, open businesses, and contribute to the tax base. Also, the accounts will serve as a financial education tool throughout each child’s school years, helping foster a more money-smart population.
Under the program, every student entering kindergarten in the City’s public schools is automatically given a College Savings Account (CSA) containing a $50 deposit from the City and County of San Francisco. Children enrolled in the National Student Lunch Program will receive an additional $50 deposit.
The program offers incentives for children, parents, friends, and extended family to save earlier and to save more. Foundations, community organizations, local businesses and individuals have provided generous additional deposits and matching incentives.
A second benefit of the program is financial education with each student’s K2C account serving as a teaching tool. This makes San Francisco the first city in the nation to integrate financial education linked to a real-life account.
A third benefit: banking unbanked families. In lower-income and immigrant communities, too many families live without a relationship with a financial institution. This account automatically makes those families clients of a major bank, making it easier for them to open other accounts as well.
To learn more about K2C please visit www.mysavingsaccount.com/k2c.
When & Where
Kindergarten to College
Kindergarten to College is the first publicly funded, universal children’s college savings account program in the United States. It was created by the San Francisco Office of Financial Empowerment in 2010.