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Kindergarten students impacted by failure to implement $1,000 savings account law

The government never allocated funds to comply with the statute that would have benefited over 60,000 students in the public school system

July 8, 2024 - 11:59 AM

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According to data shared by the Department of Education, between the 2021 and 2024 academic years, 63,155 students were enrolled in kindergarten who were assumed to have a $1,000 savings account that would have an annual return until they graduated from twelfth grade. (Ramon " Tonito " Zayas)

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

The government has not complied with the creation of a $1,000 savings account for each kindergarten student enrolled in the public education system, despite the fact that said public policy is the result of a law approved five years ago, confirmed Luis Umpierre, deputy executive director of the Financial Advisory Authority and Fiscal Agency (AAFAF).