Caldwell Saves 1st is the City of Caldwell higher-education savings initiative that establishes College Savings Accounts for students within grades K-5 within the Caldwell City Limits through a partner-ship with banking/investment institutions. The program provides unique opportunities for students and their families to earn deposits into an account in the student’s name with the intent to propel Caldwell’s families towards saving on their own for higher education.
The accounts are unique because the funds are specifically saved for higher education expenses, therefore, helping to set the belief that higher education is attainable and expected.
This account provides a real world experience where children can learn:
The value of saving a little at a time.
How their savings can grow.
How being financially literate can help them dream big for the future.
The account is established through the parents or legal guardian(s) of the children completing “financial skill building” classes. The parents will have the opportunity to establish a savings account upon completion of the classes and sign up for a college savings account for their student(s) grades K-5 through DL Evans Bank.
At the time the deposit reaches $1,000 the parent or guardian has the opportunity to transfer funds through Fortify Financial to a 529 U-Fund Plan. (please click on the link below for the Caldwell Saves 1st Operations Plan details)
For more information, contact:
Debbie Geyer, Caldwell City Clerk 208-455-4656 firstname.lastname@example.org
Carol Mitchell, Deputy Finance Director 208-455-4686 email@example.com