The city of Cincinnati is partnering with Fifth Third Bank to start college savings accounts for 150 preschool-age children, with an initial deposit of up to $553 in the first year.
“We want to build a Cincinnati where every kid — no matter what their background is or how much money their family has — has the opportunity and the belief that they can achieve their dreams,” said Mayor Aftab Pureval.
Families making less than 300% of the federal poverty level will be eligible. That’s about $111,000 for a family of four. It’s the same eligibility criteria for assistance through Preschool Promise, which is helping the city promote the program and contact eligible residents…