the republic logo

Ohio county ends college savings plan that opened $100 bank accounts for all kindergarteners


CLEVELAND — Officials have voted to end a program that established $100 college savings accounts for kindergartners in Cuyahoga (ky-uh-HOH'-guh) County.

County Council voted Tuesday to end the two-year-old program started by former county executive Ed FitzGerald, citing more-cost effective ways to encourage students to succeed.

Under the program, the county set aside $1.5 million each year to open $100 savings accounts for every kindergartener in the county.

The Northeast Ohio Media Group reports ( ) council members who had supported the initiative say the program was flawed and too few people added to their children's accounts.

Families with the accounts can keep the county's initial $100 deposit if they establish a 529 college savings account and notify the county where to transfer the money by the end of the year.

Information from: Northeast Ohio Media Group,

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.