NYC Kids RISE – Save for College Program

Dear Kindergarten and First Grade Families:

We are so excited to share with you that the Save for College Program is available to families at P.S. 101! This scholarship and savings program provides families, schools, and communities with a way to work together to invest in their children’s futures. It is managed by the nonprofit NYC Kids RISE in partnership with the Department of Education and the City of New York.

Every kindergarten and new first grade student at NYC public schools and participating charter schools is eligible to participate in the Program, regardless of family income or immigration status. Here are some resources with more information about the Program:

This program has two parts: Scholarship and Savings. To get every family started, your child will be automatically enrolled in the Program and receive an NYC Scholarship Account with a free $100 initial allocation from NYC Kids RISE. Programs like these are more important than ever in supporting families with resources to create a financial foundation for students’ educational futures.

What’s next? Your child will be automatically enrolled in the Program unless you choose not to participate by “opting-out.” This means that your child will automatically be enrolled as long as you TAKE NO ACTION during the upcoming opt-out process, which lasts for 30 days.

After your 30-day opportunity to opt out is over, if you have chosen to stay in the Program, your child’s NYC Scholarship Account will be funded with the initial $100 by NYC Kids RISE in early 2023. You will receive information about how to activate and view the account when it is ready. We will share information and host events throughout the year about the Program and how we can work together as a community to save and plan for your child’s future.

In addition to the resources included in this memo, our Save for College Liaison and School Counselor, Ms. Kipriadis we will be sharing a tutorial

If you have any questions, you can reach out to Save for College Liaison and School Counselor, Ms. K. Kipriadis at KKipriadis2@schools.nyc.gov. You can also call NYC Kids RISE at 833-543-7473 or email info@nyckidsrise.org.

Sincerely,

Kyri Kipriadis

PS 101 Save for College Liaison and School Counselor

Save for College Program: NYC Scholarship Month Resources

Dear PS 101 Kindergarten Parents,

Because your child is a Kindergartener in the NYC Public School system, s/he is now enrolled in the Save for College Program. The next step is for you as the parent/guardian to activate your child’s NYC Scholarship account and see the funds that have been allocated for their educational future. Their NYC Scholarship Account has an initial allocation of $100 and you can increase these funds by an additional $25 reward for activating and viewing their account. We are reaching out to all participating families at PS 101 because we want to make sure every family at our school is taking advantage of the opportunity! To access their NYC Scholarship Account, follow the steps below. Here is a link to a step by step guide, as well as a link to a video. Once you activate your account, you can log in regularly and monitor the funds and earnings. Join the families at your school who are already saving for college and career training together by taking this important step!

Building Block 1 – To Activate and View the NYC Scholarship Account:

1. Visit https://nyckidsrise.org/

2. Click Activate Account

3. After reading the Welcome statement, scroll down and click activate account

4. Another small box will appear and you can click Continue

5. You will then see a Registration box pop up

6. Enter your child’s Date of Birth, Zip Code, and OSIS Number (Student ID Number), then click submit.

7. Now you will enter your personal information and create a password

8. Once that’s complete, click on the introductory survey

9. Complete the introductory survey to earn the first $25 reward, which will be allocated to your child’s scholarship account within about a week.

Do not hesitate to contact Ms. Kipriadis at (718) 372-0221 or kkipriadis2@schools.nyc.gov if you need support to activate and view your child’s NYC Scholarship Account.

After you finish activating the account, you can choose to open your own account as a next step (also known as Building Block 2) so that you can save alongside the scholarship account. If you have any questions or would like support opening your own college and career savings account:

1. Call NYC Kids RISE at 1-833-543-7473 or email them at info@nyckidsrise.org

2. Join NYC Kids RISE for a Choose the Right Account Workshop. Click here to see the full list of events and register.

Questions will be answered during next week’s kindergarten Coffee with Principal Korrol session on May 13th.

In community,

Gregg Korrol

Principal