The Kindergarten to College (K2C) Savings Program has aimed to
make higher education more accessible by opening college seed
accounts for kindergarteners at many of Sacramento’s schools.
This year, the City of Sacramento and United Way California
Capital Region are continuing to pursue this equity-based mission
by expanding K2C to cover even more students at more schools.
K2C opens a Seed Account with $25 for kindergarteners at our
schools, free of charge. Then, we help families set up their own,
Family-Owned ScholarShare 529 Account. We want to encourage
families to continue to invest in their child’s future, so
families who invest $25 in their Family-Owned 529 Account will
receive a matching $50 in the Seed Account. Furthermore, if
families attend one qualifying financial workshop, they will earn
an additional $100 for their account!
These types of plans are becoming more popular in California and
the United States as a whole because of the many benefits they
provide. The growth of those funds over time are only one of the
benefits. In fact, research shows that students with
any college savings account in their name, like the K2C Seed
Accounts, are 3x more likely to enroll in and 4x more likely to
K2C seeks to create the expectation that higher education is
desirable and achievable for every one of our local students.
With Every Kid Counts Grant from the California Student Aid
Commission, we can significantly increase our program by reaching
even more local schools and students. This means a new
generation of youth with high expectations, commitment to
continued learning, and access to higher education.