Students from 16 school districts in Marinette County and Michigan’s Menominee County will benefit from a new education initiative through the M&M Area Community Foundation.
The program is called “The Future Fund,” and will follow students over 13 years.
Incoming kindergarteners in the 2019-2020 school year will receive a bank account with an initial deposit of $50. That money will grow over the course of the students’ grade school careers through community partnerships and will be available to students for up to four years after high school graduation.
“It’s to be used for any kind of career training or post-secondary education,” Paula Gruszynski, Executive Director for the M&M Area Community Foundation explained.
Until the money is accessible to students, the accounts will be used over the years to help students learn about finances.
“Having control of the money at an early age will make them responsible,” Mike Cattani, Principal of St. Thomas Aquinas Academy told Local 5, “especially knowing where the money is going to.”