Frequently Asked Questions

What is Jackson Saves?

Jackson Saves is a free children’s savings account program designed to assist with education and training expenses after high school.

Any incoming kindergarten student enrolling in a participating public or public charter school is eligible to opt-in to the Jackson Saves program, as part of the kindergarten enrollment process. All kindergarteners who opt into the program will receive a $50.00 opening deposit into their Jackson Saves account. (Opening deposit is based on the availability of funds.)

The program is managed by TRUE Community Credit Union in partnership with the Jackson Community Foundation, the Jackson Intermediate School District and your child’s school.

How do I enroll my child?

Jackson Saves is part of the kindergarten enrollment process at your child’s school. When enrolling your child for kindergarten or young fives, you should receive a Jackson Saves form to opt your child into the program. Complete this form and return it with your completed kindergarten enrollment packet to your school’s secretary.

If you do not see this form in your packet, please check with the secretary at your school. All students enrolled in Kindergarten by September 30, will have their Jackson Saves account opened in January.

What if I join the military before college?

Please contact TRUE Community Credit Union to arrange an extension of the Jackson Saves program.

We honestly cannot afford to save much, and college is so expensive. Why should we bother?

Often just having an account can mean the difference between being able to attend college or not. True, savings alone may not cover the full cost. But if that’s your situation, you’re not alone.

Most students who apply for financial aid qualify for grants, work-study, or subsidized loans. Also, every dollar of savings offsets the need to borrow, giving a child even more of a head start toward a productive career. By saving just $20 a month ($5 a week) starting in kindergarten, you’ll build up enough money to make a difference. Take a look at how that adds up assuming a fixed rate of 3%.

*hypothetical interest rate to illustrate the benefits of savings.
Interest rates are subject to change. Www.saving.org

What if I no longer want my child to participate, but we have contributed funds?

Your child will have access to the funds at the age of 26.

If I don’t initially enroll my child during kindergarten enrollment will I be able to enroll them later?

The Jackson Saves Program opt-in form is only available as part of the kindergarten enrollment process at your school. Students not enrolled during their kindergarten enrollment process will not be able to enroll later.