WHAT IS THE ATLANTA CHILD SAVINGS PROGRAM?
Initiated in November 2021 through an initial financial commitment from the City of Atlanta, the Child Savings Program is being developed to provide qualifying Atlanta Public Schools (APS) kindergartners with a free savings account and a one-time deposit of $50. The savings account, managed by Operation HOPE, will be a starting point for savings, reserved for expenses related to post-secondary education.
WHAT ARE THE REQUIREMENTS TO QUALIFY FOR AN ACCOUNT?
All kindergarteners attending Title One Atlanta Public Schools will qualify.
WHO WILL SET UP THE ACCOUNTS AND WHERE?
Operation HOPE will work with a nationally reputable financial institution to establish the savings accounts.
HOW WILL I BE NOTIFIED IF MY CHILD QUALIFIES?
Qualifying students will be notified by Operation HOPE and Atlanta Public Schools in the first quarter of 2022. Accounts will be established in April and May of 2022.
ARE THERE ADDITIONAL WAYS TO ADD TO THE ACCOUNTS?
HOPE and APS will work together to create other opportunities for additional incentive deposits. Students and their families will be encouraged to add to the savings accounts as well.
ARE THERE OTHER COMPONENTS OR OFFERINGS TO THE PROGRAM?
A critical component of the program is financial coaching. HOPE will provide financial coaching to all participating families.
WHEN WILL THE PROGRAM BEGIN AND HOW LONG WILL IT RUN?
The program will kick off in the spring of 2022.
Through the City of Atlanta’s support, the program is fully supported for 2 years but Operation HOPE has committed to running and growing the program for at least a decade.
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News & Resources
Click to read the annoucement letter from Mayor Bottoms to the parents of kindergarteners of Atlanta Public Schools (English).
Click to read the annoucement letter from Mayor Bottoms to the parents of kindergarteners of Atlanta Public Schools (Spanish).