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Last updated: 9/5/17

Boston Saves

The program helps families of Boston’s district and charter kindergarten (K2) students save for college or career training.

Boston Saves gives each kindergartner 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:

Children worked on a laptop in their classroom

  • activating their child’s account, and
  • adding at least $25 to the account every three months, starting each October.

Using an online platform, families can track all of their savings for their child in one place. Schools also host family events and classroom activities to make saving fun. 

Mayor Walsh piloted Boston Saves with five public schools in Fall 2017. The program will start growing to all district and charter schools by Fall 2019.

Learn more about the program

Have questions? Pleace contact Kim Lucas:

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.

Help fund Boston Saves

Watch: Launch of Boston Saves

Why use the program

Boston Saves promotes a culture of student success. We want to give all public school kindergarten (K2) students in Boston a chance to plan for the future.

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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