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Chattanooga 2 seeks continued city support for kindergarten and middle-school college savings pilot

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Summary

Chattanooga 2 asked council to continue funding a pilot that seeds career- and college-savings accounts for kindergarteners and middle-school students; the program aims to reach 25,000 students over five years and uses public-private matching to boost accounts.

Carrie Randolph, executive director of Chattanooga 2, briefed the council on July 1 about the ‘‘Chattanooga Future Fund,’’ a five-year pilot program that seeds college- and career-savings accounts for Hamilton County kindergarteners and middle-school students.

Randolph said the program seeds accounts with $150 and works with the Tennessee State Treasury’s matching program to help eligible families access up to $1,500 in matching funds; she estimated…

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