Skip Navigation  

College Savings Accounts

Kindergarten to College (K2C) Program

According to the New America Foundation, children with savings accounts are 7 times more likely to attend college than those without an account. The City and County of San Francisco recognizes this, and in an effort to support students becoming productive, career-ready 21st-century citizens, has established the Kindergarten to College program. This program gives your kindergartner a savings account containing its first $50 deposit. If you and your child add to it regularly, it can become a 12-year head start toward college tuition.

Please note, if your kindergartner is in a participating school, your child has already been given a college savings account at Citibank. To get you started, the City and County of San Francisco has made the first $50 deposit. Account cards will be mailed to you in mid-October. If you did not receive your account information, email or call 311 (415-701-2311 if outside of SF).

What Is a College Savings Account (529 Plan)?

A college savings account (or 529 Plan) is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs. It is named after Section 529 of the Internal Revenue Code which created these types of savings plans in 1996.

The infographic below outlines how a college savings plan can work in you and your student's favor for the future:

Why save for a college education? infographic