Welcome to the NYC Kids RISE Save for College Program! We are so excited to be working with you, your school, and your community to save together for your child’s educational future.
New to the Save for College Program?
Did your kindergartner, first-, second-, or third-grader just enroll in a participating school this year? Keep reading below to learn more about the program and how to get involved.
Already Enrolled in the Program?
Click here for the latest information for families who are already enrolled in the program.
About the Save for College Program
It can be tough to save for college, and getting started can be the hardest part. This is why the nonprofit NYC Kids RISE has started the Save for College Program in partnership with the City of New York and the NYC Department of Education.
It’s a scholarship and savings program designed to make college more accessible and achievable for your child. The program provides you, your family, and your community with a way to work together to save for your child’s future.
All School District 30 kindergartners, first-graders, second-graders, and third-graders can participate in the Save for College Program, regardless of income level or immigration status.
The best part? Your child will be automatically enrolled in the Save for College Program unless you choose not to participate. You do not have to do anything to enroll and receive an NYC Scholarship Account.
Why start saving for college now?
Time is on your side: Starting to save for college when your child is young can make a big difference by the time your child is ready for college.
It sets your child up for success: Research shows that children with a savings account of between $1 and $500 are three times more likely to enroll in college. They are also more than four times more likely to graduate.
Higher education can cost a lot: Colleges and specialized training programs often come with big price tags.
Saving more now can mean less student debt later: Loans are part of many college financial aid packages and can take a long time to pay back.
College pays off: Students who graduate from college earn much higher salaries over their lifetimes. They are also less likely to be unemployed.
Take the next steps to save together for college
Taking the first steps to save for college can be the hardest part. With the Save for College Program, we have already taken the first step together.
NYC Kids RISE has automatically opened an NYC Scholarship Account for your child and deposited the first $100 into it for your child’s future education. This account is invested in a 529 plan, a type of investment account specifically created to help families save for college and career training. The money in this account can be used at two-year colleges, four-year colleges, and other career training programs in New York and across the country.
Ready to take the next step?
It’s easy to get started and begin to invest
in your child’s future.
Getting StartedThere are three simple steps to start participating
in the Save for College Program: