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City treasurer outlines Kindergarten to College accounts, calls for deeper outreach
Summary
City Treasurer Jose Cisneros updated the SFUSD board on Kindergarten to College: the program automatically opens seeded college-savings accounts ($50) for kindergartners, now covering 42,000 accounts with $4.3 million saved by families; officials and parents discussed outreach, incentives for low-income households and account access.
City Treasurer Jose Cisneros told the Board of Education that Kindergarten to College (K2C), launched in 2011 with then–Mayor Gavin Newsom, automatically opens a college-savings account for every SFUSD kindergartner and seeds it with a $50 deposit. Cisneros reported more than 42,000 student accounts and about $4.3 million in family deposits to date and said research shows children with accounts are more likely to attend college.
"We launched Kindergarten to College to help parents and their…
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