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The Save for College Program

The Mayor's Office of Equity (MOE) has confronted the generational, racial wealth gap through the Juneteenth Economic Justice Plan, which expands the NYC Kids Rise (NYCKR) Save-for-College program. Initially launched in 2016 as a pilot program across Queens School District 30, this 529 college savings initiative endeavored to extend and cement equity. Through this public-private-community partnership, children in this district now have over $6 million to go toward their college and career training. With this expansion, all NYC public school students starting Kindergarten, will have a NYC Scholarship Account beginning in 2022. Through MOE, the City will invest $15M annually to support the program. Every public dollar is estimated to leverage additional funding in philanthropy, family savings, community scholarships, and investment returns by the time a child graduates from high school.