Children entering kindergarten in Newark Public Schools will begin their academic journey with a college savings account.
This fall, thousands of children entering kindergarten in Newark Public Schools in New Jersey will begin their academic journey with a college savings account.
Board of Education President Hasani Council agreed stating, “Newark Public Schools students have shown time and time again that they have what it takes to succeed in college. The Newark Saves College Savings Program will help our students and families have what it takes to pay for college. It will help make college education more attainable for our students while helping them avoid heavy student loan debt. Of everything good in financials that this initiative will teach our students, the parental component in this program will be a game changer for their families.”
Newark Saves isn’t just about opening accounts. The program is also about making college feel possible. The program includes financial literacy workshops and resources for families. Additionally, Newark Saves is organized in partnership with the FOCUS Hispanic Center for Community Development. School officials argue that even modest contributions greatly increase the odds that a student will enroll in and complete college.
Source: Black Enterprise
