It’s part of a new program to build wealth for low-income kids across New York City—with a little help from their communities.
In 1949, when she was 14 years old, Claudia Coger dropped out of high school. Despite being an A+ student and having skipped two grades, she knew that college was out of reach—she was the second of 10 kids, growing up in Sumter County, Florida, and there was no indication, she says, that scholarships would be available to her. It’s a reality for too many kids: Students from low-income families are 2.4 times more likely to drop out of high school than those from middle-income families, and 10 times more likely than students from high-income families, which affects how much they can earn out of school and contributes to the racial wealth gap.Read Full Story
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