Providence Promise

Providence Promise's unique , multi- pronged structure is designed to holistically address the challenges faced by Providence students in their pursuit of higher education.early enrollment: parents/guardians enroll their children by the time they enter the public school system, when children from birth to grade nine are eligible.college savings: upon enrollment, families open a 529 college savings account for each child and contribute an average of 1% of their gross annual household income into each child's account for a period of up to 15 years. Providence Promise provides an initial contribution of $100 to each child's account, and also provides opportunities for families and children to earn additional incentives to build their college savings by achieving certain goals.family engagement: Providence Promise facilitates ongoing family engagement and financial literacy through school- based events, workshops, college visits, referrals to college access programs, and more. The family engagement program also includes a dedicated parent council comprised of parent leaders who inform program changes and future workshop topics , and help to plan events.reducing the financial burden: Providence Promise will work with each student and their family to identify the higher education choices that best fit the needs and goals of each child and to assure that all accessible financial aid is secured, including funds that may be raisedby Providence Promise.