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Nevada College Kick Start

Building off a successful fall 2013 pilot program aimed at instilling the dream of a college education in the minds of 3,000+ Nevada school children and their parents, Nevada College Kick Start went statewide in February 2014. Under the leadership of the Office of the State Treasurer, 66,000+ public school kindergarten and first grade students now have their own state-owned Nevada 529 college savings account with a $50 deposit.

Nearly 50% of these students, over 30,000 students, attend Title I schools in low-income neighborhoods. This campaign will encourage these families to start saving & planning for college.

Donations through the 1:1 Fund will be used to provide $50 matching grants to families in Title I schools that open their own separate 529 college savings account, thereby enabling a family to save on their own and add to the state's initial deposit. Our goal is to raise $20,000 dollars to encourage at least 400 families to open & start saving in their parent-owned 529 college savings account. Join us today and help spur the futures of our future civic and business leaders!

Learn More About the Nevada College Kick Start Program

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The College Kick Start Program currently operates statewide.

Details

In the fall of 2013, the State of Nevada, under the leadership of the State Treasurer's Office, launched an exciting new pilot program aimed at instilling the dream of a college education in the minds of 3,000+ Nevada school children in 13 rural counties. Selected Title I schools in Washoe County also participated in the launch, with generous support from Charles Schwab Bank, as did students at the Agassi College Preparatory Academy through a donation by Meadows Bank. Building off initial success, in February 2014 the Nevada College Kick Start Program established college savings accounts for all 2013-14 public school kindergarten students. Now, the Nevada College Kick Start Program includes about 66,000 kindergarten and first grade students.

The Nevada College Kick Start Program is using a portion of program manager fees paid to the state to open an SSgA Upromise 529 Plan college savings account with an initial deposit of $50 for each participating public school kindergarten student. The State Treasurer’s Office serves as the account owner. These state-owned accounts will not be able to receive additional contributions from families. Money collected in these state-managed accounts cannot be used for any other purpose other than to pay for qualified higher education expenses when the student attends an eligible college or university. Additional funding from private resources will be protected in these accounts, as well. As part of the Nevada College Kick Start Program, parents and other caregivers are being encouraged to open their own individual SSgA Upromise college savings accounts and to begin making contributions to those accounts.

To encourage participating families in Title I schools to make additional contributions to their children’s futures, the 1:1 Fund, in partnership with the Nevada College Kick Start Program, is raising the funds to incent parents in Title I schools to open their own separate 529 college savings account for their son or daughter. Pending a successful fundraising campaign, the 1:1 Fund will provide each parent that does so with up to $50 to open and start saving in their own 529 college savings account.

According to a recent study by Complete College America (Nevada 2011), by 2020, 58% of jobs will require a career certificate or college degree; by 2030, that number jumps to 70%! As of 2011, only 28% of Nevada adults hold an associate degree or higher, one of the lowest college educated populaces in the nation. As Nevada works to diversify its economy, creating high-level jobs with better pay and benefits will require a more educated workforce to fill those positions. In order to develop a workforce that is able to compete in a global economy, it is essential more Nevadan’s plan for higher education.

Therefore, the concept behind the Nevada College Kick Start Program can play an important role in creating a “college-going culture” by planting a seed in the minds of Nevada kindergartners and their parents that attending and graduating from an institution of higher learning is a goal within reach.

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