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Chattanooga Future Fund proposes $150 college-and-career savings accounts for Hamilton County kindergartners and middle-schoolers
Summary
A community-led pilot will reserve $150 for eligible kindergarten and middle-school students in Hamilton County schools as seed money for postsecondary training; sign-ups open Jan. 23 and the pilot is planned for five years.
Representatives of the Chattanooga Future Fund presented a community pilot at a Hamilton County Board of Education meeting (date not specified) to place $150 in college-and-career savings accounts for every kindergartner and middle-school student (6th–8th grades) registered in Hamilton County Public Schools over a five-year pilot.
The program would reserve $150 per eligible student (about 13,500 students were cited as currently eligible) as a seed account. Families can claim a reserved $100 on the program website and receive an additional $25 when they open a college-and-career savings account with the state 529 program (Tennessee Stars) or with Pinnacle Bank; a further $25 is released…
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