Children’s Aid Society College Savers Program
Organized by: Children's Aid Society College Savers Program
Event Name: scrambleCFEDscramble
Less than 10% of students from low-income families graduate from college by their mid-twenties. Saving for college early can change this equation—low-income students with a college savings account in their name, even if it’s less than $500, are three times more likely to enroll in college and four times more likely to graduate. Through the CAS College Savers Program, enrolled students receive an account opening gift and earn matched incentives for contributions made over the course of each school year.
Since CAS College Savers launched in the fall of 2013, students have accumulated more than $48,000 in college savings. In 2014, Children’s Aid expanded the program to enroll 184 new students. Over the course of the school year, 320 savers across six schools and centers can earn a 2:1 match for the first $100 they contribute to their accounts.
The Children’s Aid Society (CAS) has been working for more than 160 years to help New York City’s children living in poverty to succeed and thrive. Children’s Aid has committed itself to ending the cycle of poverty for children, with a particular focus on college graduation.