According to Nevada State Treasurer Kate Marshall, “Research has found that children with a college savings account are up to seven times more likely to attend college than those without an account, regardless of family income, ethnicity, or the educational attainment of the child’s parents.” According to research, it doesn’t matter how much money is in the children’s accounts, but just the fact that the children know that college is something to save for is what makes so large of an impact on them. Fascinating!
That is why today Marshall participated in an exciting new beginning of a program that will immensely benefit many children as she launched the Nevada College Kick Start Program at Walter Bracken Elementary School.
The concept is to provide an initial $50 deposit in a college savings account for students. That is how the seed of anticipating a college education is getting planted in these children.
This is not only happening in Las Vegas, but all over Nevada. Another incredible part of the program is that it is funded from program manager fees paid to the state, not from tax payers’ wallets.
Here’s to watching those seeds grow!