Kindergartners in New York City could receive as much as $3,000 toward their college education from the city under a plan by elected officials that aims to combat income inequality and expand access to higher education.
The one-time contributions would be among the largest investments in a child savings account program in the United States. Under the proposal from the City Council, which would expand an existing initiative, students from low-income families in the city would receive $3,000 while other students would get $1,000. Both figures are considerably higher than the current contribution of $100.
Read more from The New York Times.
