San Francisco’s Kindergarten to College (K2C) program, founded in 2011 by then-San Francisco Mayor Newsom and Treasurer José Cisneros, automatically opens a savings account seeded with $50 in public funds for every child entering kindergarten in San Francisco’s public schools, putting students on a path to college from their first day of school. There are nearly 50,000 K2C participants who, as of today, have $11 million saved for post-secondary education.
“College savings accounts are transformational opportunities for millions of kids to be successful in college,” said Governor Newsom. “The program we created here in San Francisco has invested $11 million in thousands of kids’ futures, and we’re taking that promise of success statewide – creating a universal college savings account program so that every California student can be college ready.”
“We started K2C so that every student in our public schools would know that they have a future worth saving for,” said San Francisco Treasurer José Cisneros. “More important than the money itself, $11 million in savings represents millions of conversations our families are having with their children about going to college.”