We are located in a city that likes to tackle problems head-on and share what we find with the rest of the world. Portland routinely has visitors from all over the world who want to learn from our creative solutions to complex problems. Our city encourages innovative policy reform, people-focused planning, and civic-mindedness, and CUPA has played an active role in the city's evolution.
That $1, 000 is added to savings accounts those students already have through NYC Kids Rise, a nonprofit that runs the Save for College program. That program, in partnership with the City of New York and the Department of Education, sets up kindergarteners with college and career savings accounts invested in the NY 529 plan—a state-run investment account dedicated solely to paying for post-secondary education—and kicks those accounts off with initial $100 scholarships. According to the nonprofit's preliminary projections, the average student enrolled in the program will have about $3, 000 in their accounts by the time they graduate from high school. In 2014, before the Save for College program began, there was just one 529 account for every 91 children in New York City's lowest-income neighborhoods; In the highest-income neighborhoods, one in four children had an account. "When you find that evidence of the racial wealth gap—and this is the college and career vehicle for the country—that is pretty glaring, " says Debra-Ellen Glickstein, executive director of NYC Kids RISE.
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