hept27 / iStock
Over 3.6 million school-aged children across the state qualify for at least $500 in savings with the California Kids Investment and Development Savings program (CalKIDS), a state initiative to help children from low income families save money for college or career.
Just 8.3% of eligible students, or 300,000, have claimed their accounts as many families are unaware of CalKIDS or face challenges accessing the accounts once aware. The money is automatically deposited into the savings account under a student’s name, but families must claim the accounts by registering online.
Here is information you should know about the state-funded accounts:
What is CalKIDS?
The CalKIDS program was created to help students, especially those from underserved communities, gain access to higher education. It helps families save for post high school training by opening a savings account and…
