Los Angeles officials introduced a new plan on Friday that provides free $50 saving accounts to first-graders enrolled in the city’s public education system.
The Opportunity L.A. program is a partnership between the City and County of Los Angeles and the L.A. Unified School District (LAUSD) to provide free college savings accounts to approximately 13,000 students in 196 schools this spring before expanding to more than 35,000 schoolkids on 519 campuses in the fall. All first-grade students who choose to participate are expected to be enrolled in the program by the end of this year.
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