Some say everyone should go to college. Mayor Gavin Newsom is trying to ensure that's the case in San Francisco.
The San Francisco Chroniclereports the proposal calls for every child who enters kindergarten at one of San Francisco's public schools to get his or her own city-funded college savings account under a groundbreaking program officials plan to begin rolling out this fall. It will go forward despite the current budget woes that will force layoffs and service cuts in other areas.
According to the story, the deposits would be small ($50 to start, $100 for lower-income children) but the hope is that they will pay huge dividends, teaching students about saving and budgeting while forging the conviction that a college education is within reach.
"I believe that every single child should be born not necessarily into wealth, but into opportunity," Newsom told the paper. "Once a mind is stretched, it can never go back."
City officials point to a study from the Center for Social Development at Washington University in St. Louis that found children who had just some savings set aside for college were about seven times more likely to go.