So, $100 for little children toward college (New York, York: low income, to buy, public school)

[Clarallel]

With current interest rates, by the time they're ready for college, that might be worth maybe $102.83.


Money for Kindergartners, Spendable on College
New York City is giving every public school kindergartner $100 in a college savings account

https://www.nytimes.com/2021/10/15/n...n-college.html

[Mr.Retired]

What a wonderful gesture
but ultimately a piggy bank for the parent.

Close to 2 million kindergarteners in N.Y.C.
I think that's a waste of 200 million dollars better
and directly applied for the child's education.

[WithDisp]

The entire NYCDOE has 1.1 million students.

Divide by 13-

Likely it's 112,800 K, max.

[Berniess]

Originally Posted by Clarallel

With current interest rates, by the time they're ready for college, that might be worth maybe $102.83.


Money for Kindergartners, Spendable on College
New York City is giving every public school kindergartner $100 in a college savings account

https://www.nytimes.com/2021/10/15/n...n-college.html

maybe if they put it in dogecoin, it might go up 10000%

dont all low income (under 125k houshold income) go to NY community city and state college for free now? why they need $100 for?

[foxyknoxy]

Originally Posted by Berniess

maybe if they put it in dogecoin, it might go up 10000%

dont all low income (under 125k houshold income) go to NY community city and state college for free now? why they need $100 for?

To buy 1 textbook haha

[Mr.Retired]

I have paid over 45 years in taxes living in New York City.
How about retirees getting the $10 Grand break instead ?
The city is doing a good job at driving us into the ground .
Might as well pay for a half decent funeral.