On March 13, Treasurer Deb Goldberg announced a new pilot program that will provide seeded college savings accounts to low-income middle schoolers and familes in select Massachusetts Gateway Cities. SoarMA is a two-year initiative that includes the cities of Haverhill, Lowell, Pittsfield, Springfield, and Worcester.
The initiative, funded through public-private partnerships, will provide a matched savings program and a financial education curriculum. Inversant will support SoarMA with its existing curriculum model.
Treasurer Goldberg and Bob Hildreth, founder of Inversant, explained the significance of SoarMA to a group of students at the Stoklosa Middle School in Lowell.