MARQUETTE, MI-- The Community Foundation of Marquette County has given a financial gift to the Education Foundation for Marquette Public Schools.
Officials say $10,000 is going to the schools’ “1st to Finish” Children’s Savings Account program. It aims to support savings accounts for first graders in the school district. Community Foundation CEO Gail Anthony says studies show children with even a small savings account are more likely to attend and graduate from college, and have healthier credit as adults.
To help accounts grow, accountholders receive incentives such as initial deposits and savings matches from third parties. Family, friends and the children themselves also make contributions.
The “1st to Finish” program will open a savings account in the name of each participating first grader. Funds can be used for any qualifying career or educational expenses after high school.
