The Nevada State Treasurer's office is opening up another 35,000 college savings accounts for kindergarteners, with $50 in each. Treasurer Kate Marshall is launching the second year of the Nevada College Kick Start Program on Thursday with kickoff events at two elementary schools in Reno.
The program began last year with about 35,000 accounts throughout the state. Marshall cites studies that say students with savings accounts are seven times more likely to go to college than those without one. She says even a small amount in the account sends a message to children that they're college-bound.
Seed money for the savings accounts comes from program manager fees, not taxpayer dollars.
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