How this US city is using revenue from parking tickets to fund college dreams
No one is ever happy about getting a parking ticket. But in St. Louis, Missouri, at least the fine you pay goes to a good cause: Helping kids to go to college.
The fees go toward the city’s College Kids Children’s Savings Account program, which was launched in 2015 to encourage and empower young people to save and go to college. Under the program, the city’s Treasury deposits $50 into an account for each of the approximately 2,800 incoming kindergartners each year. The accounts are later supplemented by city fees and by participating in learning incentive programs.
St. Louis Treasurer Tishaura Jones created the program to help address not only the student debt crisis but also the racial wealth gap in the city.
“I realized I had all this power and I’m like, well, you know what? I’m going to use my power for good and not evil,” Jones told Yahoo Finance.