Oct. 14, 2019 By Allie Griffin
A number of first- and second-graders at a Corona elementary school are a little closer to financing their college educations, thanks to some extra funds going into their college savings accounts.
The students at P.S. 92 Harry T. Stewart Sr. will split a $15,000 contribution donated by local New York City parents through the College Opportunity Fund. The money will be divided among 248 students who established college savings accounts in 2017 through the nonprofit NYC Kids RISE’s Save for College Program.
Each student at the 99-01 34th Ave school will receive an additional $60.48 put into their college savings thanks to the grant donated by Brooklyn Community Foundation’s College Opportunity Fund, which was created this year through donations from New York City parents in response to the national college admissions scandal.
The students at P.S. 92 are among the more than 6,600 public school students who are enrolled in the savings program in Queens School District 30, where the Save for College Program was piloted. Through the program, each student automatically receives a NYC Scholarship Account invested in a 529 college savings plan, starting in kindergarten.
“Investing in our children is investing in our future and there is no better way of doing so than supporting access to college and career training for all families, regardless of their immigration status or income,” City Council Member Francisco Moya said. “I was proud to join the P.S. 92 community — our Superintendent, school and parent leaders, and students — to celebrate the limitless possibilities for these students.”
P.S. 92 and program staff members applauded the efforts of parents helping other parents through the grant.
“As a parent, I always wanted my kid to survive and thrive and did what I could to provide opportunities, resources, and support that would set him up for success. At the same time, it is glaring that not every kid has the same opportunities,” said College Opportunity Fund Advisor and NYC public school mother Lisa Cowan.
“Saving for higher education is not something that parents have to do alone,” Cowan added. “It’s something, as New Yorkers, we can do together through the Save for College Program. I hope more parents throughout the City will join this effort.”