California Program Creates College Savings Accounts for All Newborns, Low-Income Students

A student performs a math assignment at Mathnasium, in Laguna Niguel, Calif., on May 12, 2021. John Fredricks/The Epoch Times

California is launching a new program that will open a small college savings account for every newborn and low-income child in the state.

The CalKIDS program, established in 2019 with additional funding approved by the governor last summer, officially launched last week.