California Selects Grantees for Nation's First State CSA Grant Program
The California Student Aid Commission announced the preliminary awardees of Every Kid Counts College Savings Program—a one-time, $3 million state appropriation to support local CSA programs. San Francisco’s Kindergarten to College program received the largest grant, just shy of $927,000. The El Monte Promise Foundation secured a $448,044 grant, while Oakland Promise’s K2C program received a $405,038 grant. The City of Los Angeles received nearly $287,000 for its CSA program (which Prosperity Now is providing technical assistance for) expected to launch in 2020.
CSA Program Launches for DC Ward 8 Residents
Capital Area Asset Builders and the 11th Street Bridge Park launched EduSaveDC in late February. The CSA program is aimed at residents in the District of Columbia’s Ward 8, where the median family income is $24,096. CSAs are part of CAAB’s asset-building work in the nation’s capital and the 11th Street Bridge Park’s Equitable Development Plan. Participating families will have 18 months to save up to $300 in their CSA, when they can get a five-to-one match of $1,800. EduSaveDC will also provide families with financial capability classes and one-on-one financial coaching sessions to help them reduce debt, increase savings and build credit.
Boston Saves Brings on AmeriCorps VISTA Members
Boston’s Office of Workforce Development will be bringing on three AmeriCorps VISTA members to support the Boston Saves CSA program, along with other projects. The three positions include Data and Evaluation, Outreach and Recruitment and Boston Public Schools (BPS) Liaison.
2019 Scorecard Shows Why the US Needs Children's Savings Accounts
In February, Prosperity Now released its 2019 Scorecard, a comprehensive resource for data on household financial health, racial economic disparities and relevant policy recommendations. You can use the oodles of data on postsecondary education access at the national, state and local levels in the Scorecard to advocate for children’s savings policies in your community. Read more.