What
Education savings account used after high school graduation. Used for career training costs, trade school, certification, traditional 2/4 year college tuition, fees, books.
Who
Every Kindergartener, 1st, 2nd, and 3rd grader attending Lapeer County public schools.
When
Beginning in 2019, in the fall, all kindergarteners in these districts will have a deposit-only savings account opened in their name and the program will continue for these students throughout their Kâ12 years. Each year thereafter, the program will continue for those who are enrolled in Kindergarten. The initial $25 seed money will be provided by the Lapeer County Community Foundation.
Why
Children with savings accounts from $1â$499 are 3 times more likely to attend college and 4 times more likely to graduate. We believe in the future of every child in Lapeer County and this program demonstrates that commitment.