How Much Can $25 a Month Help Pay for Your Kid's (or Grandkid's) Education? More Than You Might Think
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer.
In 2010, the San Francisco city school district started automatically enrolling kindergartners in a district-funded college savings account for low-income families, and it turns out 13 may be a lucky number for those first participants.
With compounded interest and growth, and other contributions by family members and the district through incentive programs, that original $50 stake made 13 years ago has grown to an average balance of $1,422 for the graduating class of 2023.
Source Fool.com
