Kozweek
New York
  • News
  • Life
  • Culture
  • Write for Us
  • Home
  • News
  • Most NYC Kindergartners Have Fund for College, Mayor Says – NBC New York
News

Most NYC Kindergartners Have Fund for College, Mayor Says – NBC New York

Brian Sharp
May 6, 2022May 6, 2022

Ninety-seven % of kindergartners throughout town have entry to a New York Metropolis Scholarship Account — a sort of school financial savings plan with an preliminary funding of $100 offered by town in hopes of giving college students an avenue to pay for school or profession coaching, and shutting the generational wage hole, the mayor introduced Wednesday.

“We need tangible and practical solutions to reduce the racial wealth gap, even more now as we emerge from the pandemic,” Mayor Eric Adams stated in an announcement. “The Save for School Program can cut back the quantity that college students and households must borrow in scholar loans, combatting the coed debt disaster that has disproportionately impacted college students of shade.”

A complete of $6.5 million has been invested this yr in 65,300 NYC Scholarship Accounts for college students collaborating within the NYC Youngsters RISE Save for College Program. This program is a public-private-community partnership designed to make school and profession coaching extra accessible to public faculty college students, no matter earnings or immigration standing.

In keeping with town, analysis discovered that youngsters with a university financial savings account of simply $1 to $500 are 3 times extra prone to go to school and greater than 4 occasions extra prone to graduate.

With that in thoughts, this faculty yr kicked off this system wherein kindergarteners enrolled in one of many metropolis’s public faculty, together with collaborating constitution faculties, will mechanically obtain a scholarship account invested with $100 from NYC Youngsters RISE, except their households select to not take part in this system.

Households can activate their kindergarteners’ NYC Scholarship Accounts from the Save for School Program.

“Today is a historic day — we are taking a giant step towards making college and careers more accessible to our students,” New York City Department of Education Chancellor David C. Banks said in a statement. “The money being deposited in accounts today plant the seeds that will instill a sense of financial literacy and open doors for our young people for decades to come.”

Source link

Incareer training, college, kindergarten, nyc scholarship account, NYC Schools

More Stories

MSG Ban for Attorneys Lifted for Some Attorneys – NBC New York

After main repercussions, there may be change coming to a coverage that banned attorneys from a number of the most...

Brian Sharp
February 9, 2023February 9, 2023

Advocates, pols rally at City Hall for the passage of bills requiring more police transparency during stops

Neighborhood officers and advocates gathered at City Hall on Wednesday to name for laws that will guarantee more accountability and...

Brian Sharp
February 9, 2023February 9, 2023

Jonathan Nuñez Pleads Guilty for Stabbing Police Officer After Suffolk County Crash – NBC New York

The person charged with making an attempt to homicide a Lengthy Island police officer by stabbing him within the leg...

Brian Sharp
February 9, 2023February 9, 2023

New Beaches Will Open in NYC

Rendering courtesy Hudson River Park Belief.Begin interested by summer time! Two new seashores will open in NYC, with one on...

Brian Sharp
February 9, 2023February 9, 2023

Two Teens Shot Near Williamsburg High School – NBC New York

Two youngsters have been shot, one in every of whom was grazed within the head by a bullet, as gunfire...

Brian Sharp
February 9, 2023February 9, 2023

Person of Interest Caught in Nanuet, New York – NBC New York

An individual of curiosity needed in Saturday night time's botched automotive theft that left an off-duty NYPD officer in grave...

Brian Sharp
February 9, 2023February 9, 2023

Post navigation

Previous post:Early Addition: European tourists are back in NYC and eager to spray-paint some subways
Next post:Ralph Steadman is Still Spitting Mad, but Having a Great Time

Recent Posts

  • MSG Ban for Attorneys Lifted for Some Attorneys – NBC New York
  • Advocates, pols rally at City Hall for the passage of bills requiring more police transparency during stops
  • Jonathan Nuñez Pleads Guilty for Stabbing Police Officer After Suffolk County Crash – NBC New York
  • New Beaches Will Open in NYC
  • Two Teens Shot Near Williamsburg High School – NBC New York

Feed

RSS
  • Contacts
  • Privacy Policy
  • Terms and Conditions

Recent Post

MSG Ban for Attorneys Lifted for Some Attorneys – NBC New York

Advocates, pols rally at City Hall for the passage of bills requiring more police transparency during stops

Jonathan Nuñez Pleads Guilty for Stabbing Police Officer After Suffolk County Crash – NBC New York

New Beaches Will Open in NYC

Two Teens Shot Near Williamsburg High School – NBC New York

Top Category

News

Life

Culture

  • News
  • Life
  • Culture
  • Write for Us
Copyright © 2023 Kozweek. All rights reserved.
Theme: TheVoice By Themeinwp. Powered by WordPress.
To the Top ↑ Up ↑
Go to mobile version