Ninety-seven percent of kindergartners across the city have access to a New York City Scholarship Account — a type of college savings plan with an initial investment of $100 provided by the city in hopes of giving students an avenue to pay for college or career training, and closing the generational wage gap, the mayor announced Wednesday.
“We need tangible and practical solutions to reduce the racial wealth gap, even more now as we emerge from the pandemic,” Mayor Eric Adams said in a statement. “The Save for College Program can reduce the amount that students and families have to borrow in student loans, combatting the student debt crisis
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