65,000 NYC kindergarteners now have $100 college savings accounts

Key Facts

• Roughly 65,000 families of city kindergarten students now have savings accounts with an $100 initial investment toward future college costs thanks to a new initiative that kicked off this week.
• The college savings program, introduced last year by former Mayor de Bill Blasio, aims to defray the costs of higher education and encourage long-term investing by giving each of the city’s public kindergarten students a seed investment that they can access when they enroll in college.
• The accounts were funded at the end of April.
• Families can now manage the accounts through the program website.

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