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</td></tr></tbody></table><table border="0" cellpadding="0" cellspacing="0" class="text_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%"><tbody><tr><td class="pad" style="padding-left:20px;padding-right:20px;padding-top:20px"><div style="font-family:Verdana,sans-serif"><div class="" style="font-size:12px;font-family:Verdana,Geneva,sans-serif;mso-line-height-alt:18px;color:#555;line-height:1.5"><p style="margin:0;font-size:13px;text-align:center;mso-line-height-alt:30px"><span style="word-break: break-word; font-size: 20px;"><strong>K2C Delivers Significant Gains in College Enrollment and On-Time Graduation Rates</strong></span></p>
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This week, I announced results from new research demonstrating the effectiveness of the <a href='https://t.e2ma.net/click/oqtzjh/4acsnql/cp495n' rel='noopener' style="text-decoration: underline; color: #0d5f9e;" target="_blank">Kindergarten to College (K2C) program</a>, which provides every child entering kindergarten with a Children’s Savings Account (CSA) seeded with $50 toward their future education. Students with a K2C account are significantly more likely to enroll in college.
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<span style="word-break: break-word; font-size: 13px;">The first class of kindergartners who received K2C accounts in 2011 graduated from high school in 2023. In the class of 2023, students with a K2C account were 6% more likely to enroll in college overall, as compared with similar students from the class of 2022. This effect was largely driven by gains among underrepresented students—Black/African American, Hispanic/Latino, Filipino, Pacific Islander or American Indian/Alaskan Native— who were 12% more likely to enroll in college! This means that K2C closed 30% of the college enrollment gap between underrepresented students and those from represented groups. </span>
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<span style="word-break: break-word; font-size: 13px;">Furthermore, K2C is closing 29% of the gap in on-time high school graduation rates for underrepresented students. K2C students from underrepresented groups were 7% more likely to graduate on time compared to a similar group of students without accounts. </span> </p>
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<span style="word-break: break-word; font-size: 13px;">The findings released today are statistically significant and control for key factors such as gender, race, and language status, as well as median income by zip code. These are preliminary findings from a comprehensive evaluation of the program, with more data expected over the next two years. The research was co-authored by William Elliott and Megan O'Brien, researchers from the University of Michigan School of Social Work, and Nicholas Sorenson, CEO of Summitlab. The evaluation is funded by the Charles Stewart Mott Foundation. Read more about this groundbreaking research:</span>
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<p style="margin:0;font-size:13px;text-align:center;mso-line-height-alt:19.5px"><a href='https://t.e2ma.net/click/oqtzjh/4acsnql/sh595n' rel='noopener' style="text-decoration: underline; color: #0d5f9e;" target="_blank">Press Release</a></p>
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<a href='https://t.e2ma.net/click/oqtzjh/4acsnql/89595n' rel='noopener' style="text-decoration: underline; color: #0d5f9e;" target="_blank">Research Summary</a></p>
<p style="margin:0;font-size:13px;text-align:center;mso-line-height-alt:19.5px"><a href='https://t.e2ma.net/click/oqtzjh/4acsnql/o2695n' rel='noopener' style="text-decoration: underline; color: #0d5f9e;" target="_blank">Full Research Brief</a></p>
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<p style="margin:0;mso-line-height-alt:19.5px"><span style="word-break: break-word; font-size: 13px;">With K2C, San Francisco invests in students, because they have a future worth saving for. </span></p>
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<span style="word-break: break-word; font-size: 13px;"><em>San Francisco Treasurer</em></span></p>
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