Providing every LAUSD first grader with a college savings account

The L.A. County CEO’s office recently reported back to the Board of Supervisors on a collaborative effort three years in the making between the City of Los Angeles, L.A. County and LAUSD to open a college savings account with a $50 seed deposit for every first grader enrolled in LAUSD. Barring any delays due to the coronavirus, the program, dubbed Opportunity LA, is set to launch at the beginning of the 2020 academic year, starting with 10 percent of LAUSD first graders and expanding to all students over five years. Read more about the initiative, which has been championed by City Council Member David Ryu, L.A. County Supervisors Mark Ridley-Thomas & Hilda Solis and LAUSD Board Members Nick Melvoin and Monica Garcia.

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