About Newark Saves

The Newark Saves College Savings Program will foster a culture of college savings among families with children entering kindergarten by:

  • Enrolling eligible kindergarten families in 529 college savings accounts with the goal of establishing accounts for 3,000 students by the end of the 2025-2026 academic year.

  • Providing comprehensive financial literacy workshops and college planning sessions at all of the district’s 46 elementary schools.

  • Developing outreach strategies in multiple languages to effectively engage all eligible families and close awareness gaps.

  • Utilizing social media, digital marketing, newsletters, and conferences to ensure program impact and widespread participation.

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$
per kindergartner

Each participating family will receive a $25 seed deposit to open their child’s 529 college savings account.

There will also be opportunities for additional incentive deposits for actions such as parents attending parent-teacher conferences, and students maintaining strong attendance, good grades,  and participating in academic enrichment activities.