Education Savings Accounts

Education Savings Accounts

Provider: CITY OF LOS ANGELES HOUSING AND COMMUNITY INVESTMENT DEPARTMENT

The Los Angeles Housing and Community Investment Department (HCIDLA) has established the Opportunity LA Children's Savings Account Program for first grade students in the Los Angeles Unified School District (LAUSD). The program will automatically open a college savings account with an initial $50 deposit for every student entering first-grade at selected LAUSD schools in spring 2021, and for all LAUSD first-graders in fall 2021. The program WILL NOT impact any public benefits that the family might have. The program is only available to families within the Los Angeles Unified School District.

The program is a partnership among the City of Los Angeles, County of Los Angeles, and LAUSD. It is offered on a year-to-year basis and will continue beyond the current school year at the discretion of the program.

Parents will have options to contribute funds into their children's account. Based on funding availability, there will also be opportunities to earn additional funds through incentives that students can participate in.

Participation & Eligibility
To be eligible, a student must be currently enrolled at a school that is participating in the program (please visit the website for a list of participating LAUSD schools). Parents will automatically receive a welcome packet that provides details and directions about the program.

Account Registration
An account card with a pre-preprinted account number will be included in the welcome packet. A parent or legal guardian must register the student's account using the account number at http://mysavingsaccount.com/account/ola,

For more information, answers to frequently asked questions, and a list of participating schools, please visit:https://hcidla2.lacity.org/community-resources/opportunity-la APPLICATION PROCEDURE Visit the website or email hcidla.opportunityla@lacity.org for information. FEES/PAYMENT SOURCE There are no fees for service.
Application Procedure
Service Condition Fee

Free

Free

Address

1200 W. 7th St., 1st Fl.

Los Angeles , CA 90017 (Physical)

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Service/Intake and Hotline

(800) 477-5977 (FAIR Housing Info and Complaints)

Service/Intake

(866) 557-7368 (Customer Service)

Service/Intake (Voice and TDD)

(213) 473-5990

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