Thomas DiNapoli

NYS Comptroller

NYC Kids RISE has worked with the Office of the New York State Comptroller (OSC) – under the leadership of Comptroller Thomas P. DiNapoli – to make capital markets more accessible to NYC families through enhancements to the New York 529’s College Savings Program Direct Plan (NY529). On the savings side, the OSC eliminated the initial and ongoing minimum contribution to the NY 529, reducing the barriers for low-income families to open and maintain this type of college savings account. Other enhancements made to the NY 529 plan since the Save for College Program launched include: simplification of the online enrollment application; and translation of Plan services and materials (including the full disclosure booklet), phone service, public website, and paper enrollment application into Spanish to make the NY 529 plan more accessible to Spanish speakers.

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