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Last updated: 10/25/19

Boston Saves

We empower families to save and plan for their children’s futures with the support of their City, schools, and community.

Boston Saves gives each kindergarten (K2) student in Boston Public Schools an account with $50 from the City of Boston. The money in this account can be used for college or job training costs after the student finishes high school. Families can earn more from the City by:

  • linking a financial account to their child’s Boston Saves account
  • saving $25 for their child in a three-month period, and
  • reading regularly with their child

Through an online platform, families can track the growth of their child’s account. Schools also host family events and classroom activities to make saving fun.

Boston Public Schools families

If you're a parent of a student, visit the Boston Public Schools website for more information:

Families start here

Have questions? Please contact Gosia Tomaszewska:

Donate to Boston Saves

Want to help out the program? You can make donations through the Boston Educational Fund. Please select Boston Saves in the drop down menu.

Why use the program

A culture of student success

Our vision is to create a citywide culture that supports the educational and career aspirations of Boston’s children and their families. We want to give all public school kindergarten (K2) students in Boston a chance to plan for the future.

Children worked on a laptop in their classroom
Research shows that:
  • families with children’s savings accounts are more likely to see college as a goal for their children, and
  • low-income children with $500 or less in a savings account for college are three times more likely to enroll in college. They are also four times more likely to graduate from college.

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