Children's College Savings Program Kicks Off in East Durham
DURHAM, NC— Durham Kids Save at Y.E. Smith is a new initiative that helps East Durham kids and their families put away coins for college. The kickoff event will be held Thursday, January 14, 2016, from 5:30 to 7:30 pm at Y.E. Smith Elementary. At the event, families will be able to make their first deposit. Media representatives are invited to attend.
All eligible kindergartners at Y.E. Smith Elementary will have their own savings account with an initial $100 deposit. Funds contributed from kindergarten through fifth grade will be matched dollar-for-dollar up to $100 each year.
“Born out of the Mayor's Poverty Reduction Initiative, Durham Kids Save is launching with the support of a strong group of community partners. By creating matched college savings accounts for all incoming kindergartners at Y.E. Smith, we're engaging kids and families in building real wealth and opportunity for the future,” said City Council Representative Steve Schewel.
Durham has a long-standing commitment to ensuring that everyone in our community has the opportunity to succeed. Unfortunately, even in a city that leads the nation in cutting-edge research and top-notch higher education, not every child has access to a college education.
Kids with college savings accounts learn to consider themselves future college students. Even more importantly, these students are significantly more likely to both enroll in and graduate from college.
For more information about the program, including how to donate, visit this page.
### About Durham Kids Save at Y.E. Smith Durham Kids Save at Y.E. Smith is a college savings initiative of Durham Kids Save, created in partnership with the Corporation for Enterprise Development (CFED), City of Durham, Durham Public Schools (DPS), East Durham Children’s Initiative (EDCI) and Self-Help Credit Union for students K-5, beginning in kindergarten at Y.E. Smith Elementary School.