• My Account
  • FrançaisFrançais
  • EnglishEnglish
  • Your Cart - $0.00
African Immigrants, African American New Yorkers in Harlem and Beyond African Immigrants, African American New Yorkers in Harlem and Beyond
  • Videos
  • Photos & NewsAfrican immigrant & African-American New Yorkers
  • CoronavirusWhat you need to know
  • ShopAfrica in Harlem E-store
  • Contact US
  • FrançaisFrançais
  • 0

      No products in the cart.

African Immigrants, African American New Yorkers in Harlem and Beyond
0
  • Videos
  • Photos & NewsAfrican immigrant & African-American New Yorkers
  • CoronavirusWhat you need to know
  • ShopAfrica in Harlem E-store
  • Contact US
  • FrançaisFrançais

97% of kindergartners citywide now have a NYC Scholarship Account for college and career training

by Africa in Harlem | posted in: African Children in New York City, African Diaspora New York, African Immigrant New Yorkers, African-American community in New York, Africans in New York/Africains de New York, New York City, Photos & News - African New Yorkers in Harlem and Beyond |
WhatsappViberFacebookTwitterGoogle_plusLinkedin

Photo credit: Syda Productions

New York City Mayor Eric Adams announced on May 4, 2022, investments in the future of New York City children, giving 97 percent of kindergartners across the city access to a New York City Scholarship Account to save for college and career training in the future. Families can now activate their kindergarteners’ NYC Scholarship Accounts from the Save for College Program. This year, a total of $6.5 million has been invested in the 65,300 NYC Scholarship Accounts for students participating in the NYC Kids RISE Save for College Program, which provides families, schools, and communities with a way to work together to invest in children’s futures — regardless of their family’s income or immigration status.

“We need tangible and practical solutions to reduce the racial wealth gap, even more now as we emerge from the pandemic,” said Mayor Adams. “The Save for College Program can reduce the amount that students and families have to borrow in student loans, combatting the student debt crisis that has disproportionately impacted students of color. I am proud to announce the activation of thousands of scholarship accounts, bringing New York City students one step closer to financial assets.”

Starting this school year, and every year going forward, kindergarten students enrolled in a New York City public school — including participating charter schools — automatically receive a scholarship account invested in a NY 529 Direct Plan, with an initial $100 from NYC Kids RISE, unless their families choose not to participate. This signifies an investment in the financial and social resiliency of families and neighborhoods, and it provides a new way to drive financial assets towards communities that have been systematically excluded from wealth-building opportunities. This milestone is the result of a broad effort from local leaders, partners, schools, businesses, and parents in Queens who helped create a universal, community-driven wealth-building platform that is embedded in homes, schools, and neighborhoods.

Through the program, families can receive up to $200 in additional rewards for their child’s scholarship account by taking foundational steps — such as opening and connecting a separate college and career savings account that they own for their child — and starting to save in the ways and amounts that make sense for them. Communities, businesses, anchor institutions, and other systems can contribute to groups of these NYC Scholarship Accounts as both a targeted and universal platform for community-driven asset-building in every neighborhood. By combining seed scholarships, family savings, community investments, and funding streams from every level, the Save for College Program can build significant assets for public school students and communities.

The Save for College Program equips elementary schools with financial education lessons in the classroom and new college-and-career and asset-building activities for entire families. Families can participate in financial empowerment and college/career-going activities and workshops and are connected to one-on-one counseling at the city’s Financial Empowerment Centers. Community Based Organizations can integrate the Save for College Program into their programming to increase access for their families and enhance their missions, including taking elementary school students and their families on college visits and incorporating the platform into workforce development and after school programs.

In May, schools across the city will kick off the first ever citywide NYC Scholarship Month, a time when school communities come together to celebrate the collective efforts to support college and career readiness and the first opportunity families have to activate and view their child’s new NYC Scholarship Accounts. As part of these celebrations, school communities across the city will be hosting events and activities to support families in completing this critical first step.

The Save for College Program is a public-private-community partnership designed to make college and career training more accessible and achievable for public school students, regardless of their income or immigration status. Through a diverse network of partners, the universal community-driven wealth-building platform seeks to ensure that every NYC public school kindergartener graduates high school with a financial asset for college and career training, and ensure that students, families, schools, and communities have increased college-and career-going expectations for every child. Research suggests that children with a college savings account of just $1 to $500 are three times more likely to go to college and more than four times more likely to graduate.

Under Founding Board Chair of NYC Kids Rise and current Council Member Julie Menin and the leadership of Debra-Ellen Glickstein, then executive director of the Office of Financial Empowerment, the city began the effort in collaboration with the New York City Department of Education (DOE) and the Gray Foundation to create universal college and career accounts for every kindergartener in city public schools.

In the fall of 2017, the Save for College Program launched as a pilot in Queens School District 30 through a partnership between NYC Kids RISE, the NYC Department of Education, and the city of New York; and founding support from the Gray Foundation. Over the last five years, more than 13,500 first, second, third, and fourth graders across the 39 schools that participated in the pilot have accumulated over $7 million in financial assets. Based on the success of the pilot phase, the citywide expansion of the Save for College Program was included in the Juneteenth Economic Justice Plan by the city’s Taskforce on Racial Inclusion & Equity.

Related Images:

Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4374 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4377 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4378 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4379 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4381 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4385 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4390 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4393 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4394 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4397
NYC kindergartners, NYC Scholarship Account, NYC schools
Previous Post
Next Post

Similar Posts

Bill Perkins’ Celebration of life will take place at the First Corinthian Baptist Church
May 24, 2023

Photo credit: Isseu Diouf Campbell A celebration of life honoring William Bill Perkins will occur...

Alfa Barrie’s family wants closure and clarity
May 24, 2023

Photos credit: Isseu Diouf Campbell Alfa Barrie’s family held a press conference after a memorial...

Alfa Barrie remembered during prayer service at Futa Islamic Center
May 23, 2023

Photos credits: Isseu Diouf Campbell The African immigrant community gathered at the Futa Islamic Center...

A GoFundMe campaign is set up to cover Alfa Barrie’s funeral costs
May 20, 2023

Alfa Barrie with older brother Ibrahim Diallo The nonprofit organization, Guineans Succeeding in America, has...

Community members hold vigil for Harlem Politician Bill Perkins
May 18, 2023

Photos credits: Bill Moore Harlemites held a vigil on the plaza of the State Office...

32nd Precinct confirms that body found in Harlem River is 13-year-old Garrett Warren
May 18, 2023

Photo credit: Isseu Diouf Campbell The 32nd Precinct in Harlem just confirmed that the body...

Alfa Barrie’s mother and sister seek help in finding missing 11-year-old boy
May 17, 2023

Photos credit: Isseu Diouf Campbell “There is someone out there that knows something. This is...

Guinean-American boy vanishes in Harlem
May 15, 2023

11-year-old Alfa Barrie left his mother’s apartment in the Bronx on Friday, May 12, 2023,...

  • FrançaisFrançais
  • EnglishEnglish

Subscribe to our FREE weekly newsletter

Follow us on social media

Products

  • KINKELIBA GINGER PASSION 12 PACK $72.00
  • KINKELIBA GINGER PASSION SUGAR FREE - 12 PACK $72.00
  • KINKELIBA GINGER PASSION 6 PACK $36.00
  • KINKELIBA GINGER PASSION SUGAR FREE - 6 PACK $36.00

Subscribe to our FREE weekly newsletter

Follow us on social media

  • Africa in Harlem – Home page
  • About Us / À notre sujet
  • Privacy Policy / Politique de confidentialité
  • Contact

© 2023 African Immigrants, African American New Yorkers in Harlem and Beyond