College Savings Accounts
Thanks to a generous financial contribution from Hudson Farm, we at the Community Foundation of New Jersey are pleased to be working with Investors Bank to launch the Learn to Save, Save to Learn college savings program, in which a $50 college savings account will be opened in the name of each kindergarten student attending public school in Hopatcong, New Jersey during the 2015-2016 school year.
Numerous academic studies have shown that having even a small college savings account increases the odds that a young person will someday attend college by as much as six times. Having a college savings account will help to create a culture within a family that college is important, valuable, and worth pursuing.
Each Learn to Save, Save to Learn college savings account will come with an initial $50 contribution from Hudson Farm. The Community Foundation of New Jersey in partnership with Hudson Farm, will match every dollar deposited into the account by the student and/or his or her parent/guardian up to $100 as an incentive for five years.
Parents or guardians may choose to contribute to the college savings account and take advantage of the available matching opportunities, or not contribute at all. There are no costs to the student, parent/guardian, or school.
With questions about the program, please do not hesitate to contact Madeline Rivera at the Community Foundation of New Jersey at 973-267-5533 x244 or mrivera@cfnj.org.