California launches college savings accounts for all newborns

photo of elementary school classroom
Theo Wyss-Flamm/Senior Staff
CalKIDS is intended to make post-secondary education more accessible to California students. All newborns born after July 1, 2022, as well as low-income public school students regardless of immigration status, will be eligible.

California launched the California Kids Investment and Development Savings Program, or CalKIDS, making all newborns and low-income public school students eligible for a state funded college savings account, according to a Wednesday press release. 
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