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Seeding Accounts for Kindergartners and Hoping to Grow College Graduates

New York City is giving every public school kindergartner $100 in a college savings account. Here’s why every penny matters.

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New York City Students Get Early Assist in Saving for College

Dec. 12, 2020 8:03 am ET Rahimuzzaman Sumon was out of work this spring as an Uber driver because of the coronavirus pandemic and relied on unemployment to support his wife and two children. But he still put away money into his daughter’s college-savings account. His 6-year-old daughter, Rukiya Zaman, dreams of being a NASA scientist. And with every $10 and $25 deposit into her account, she is one step closer to that dream, he said. “When I came to this country, I had $700 in my hand and one luggage of clothes and I had to start a whole new life,” said Mr. Sumon, who moved to Queens from Bangladesh 11 years ago.

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