Government

Every year, our philanthropies and local, state and federal governments spend more than $140 billion on providing grants, scholarships and aid to students, yet more than 46 million children and parents are still struggling under the weight of $1.7 trillion in student loans.

We wait, however, until the children are ready to attend a higher education at Age 18 before giving the assistance. But the cost of higher education increases an average of 8% per year; and for every additional $1 of government aid, the cost of tuition rises an average of 60 cents. So we’re running on a never ending rollercoaster treadmill, with no end in sight.

Core Values

Studies also show that children with a college degree or other higher education make approximately $1 million more over their working careers than those with a high school diploma only.

Learning

Honesty

Teamwork

Investing in Communities

Sootchy’s novel solution involves leveraging the power of the entire community through

Government funding reallocated: Investing early in savings plans rather than waiting till the child is 18.
An additional benefit from government relocating a portion of its funding from “scholarships and grants at 18” to annual savings.

One study found that low- and middle-income children with college savings of less than $500 are three times more likely to pursue college and four times more likely to graduate than youth without a savings account.

In fact, simply having a savings account can be impactful, with another study finding that youth with a savings account in their name were six times more likely to attend college.

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