FREE. Child Saving Account (CSA) to help you and your family save for college.
The OpportunityLA program will begin Spring 2021 at a select number of schools. The program will be available to all LAUSD first-graders in fall 2021.
About Opportunity L.A.
Opportunity L.A. is a free college savings account with an initial $50 deposit for Los Angeles Unified School District (LAUSD) first-grade students. The City and County of Los Angeles, along with LAUSD have established a partnership to provide this resource.
Did you know?
Students with college savings are:
- 3 times more likely to go to college
- 4 times more likely to graduate from college
Benefits of a Child’s Savings Account
- A children’s savings account can help you and your child save money for their education after high school
- Enrolled LAUSD students will receive a $50 initial deposit
- Additional deposits can be made by students and families in person, at a branch and online
- Savings accounts are available to students regardless of student or parent’s income, background, or immigration status
Accessing Your Account
Forms And Documents
Click the following link for:
Definitions for Program Rules and Guidelines
- Children’s Savings Accounts (CSAs): Long-term, restricted savings accounts established for first-grade students enrolled in participating LAUSD schools to support student’s post-secondary education.
- County Student (“County Student”): CSA Program-eligible first graders enrolled in LAUSD schools that reside in the unincorporated areas of the County and cities outside the City of Los Angeles.
- City Student (“City Student”): CSA Program-eligible first graders enrolled in LAUSD schools that reside within the boundaries of the City of Los Angeles.
- Custodial Account (“Custodial Account”): Financial account that incorporates CSAs, established for the benefit of the Student. Administered and managed by the CSA Program in accordance with the program Memorandum Of Agreement (MOA).
- Incentive (“Incentive”): Any additional CSA funding, not including family or friend’s contributions, beyond the CSA Seed Funds that may be contributed to CSAs based upon specific criteria established and mutually agreed upon by all the Parties, (as defined in the MOA). Students may earn Incentives only while enrolled in an eligible LAUSD school. Use of all Incentives are subject to the requirements as set forth in Exhibit A, which is attached and incorporated by reference.
- Legal Guardian (“Legal Guardian”): Someone who is not the child’s parent, however, has legal custody of the child and can provide health, education, and financial decisions on behalf of the child.
- Non-Program Contributions or Non-Program Funds (“Non-Program Contribution or Non-Program Funds”): Deposits of funds contributed to a CSA by a person or organization not at the direction or associated with the CSA Program for the benefit of the student.
- Participating Schools (“Participating Schools”): LAUSD Schools selected for the CSA Program each Year and subject to the Program requirements in accordance with Section VII – School Selection Plan below.
- Program Contributions or Program Funds (“Program Contribution or Program Funds”): Initial Seed Deposit, Incentives, and any growth amount accrued by the Custodial Account for the benefit of the Students.
- School Selection Plan (“School Selection Plan”): Yearly plan used to identify LAUSD schools to participate in the CSA Program as mutually agreed upon by all the Parties and in accordance with Section VII – School Selection Plan below.
- Seed Funding (“Seed Funding”): Initial funding to establish CSAs for the benefit of Students as agreed upon by all the Parties.
- Student or Participant (“Student or Participant”): A City or County Student that is the intended beneficiary of the CSA and a) currently attends an LAUSD school or b) graduated from an LAUSD high school.
- Year (“Year”): July 1st to June 30th.
- Escheat: A legal process that transfers ownership of abandoned property in this case CSA program funds, to the state in accordance with state law. Before the state can take full ownership, it must attempt to find the owners (Student, Student parent or legal guardian) and provide an opportunity for the Student to claim their funds.
Frequently Asked Questions
About the Program
Opportunity LA is the first children’s savings account (CSA) program in the greater Los Angeles area. Beginning in the spring, accounts will be automatically opened with a $50 deposit for first-grade students enrolled in select schools.
|Buchanan Street Elementary|
5024 Buchanan St. Los Angeles, CA 90042
680 Little St. Los Angeles, CA 90017
|Charles White Elementary|
2401 Wilshire Blvd. Los Angeles, CA 90057
|MacArthur Park Elementary School for the Visual and Performing Arts|
2300 West Seventh St. Los Angeles, CA 90057
|Leo Politi Elementary|
2481 West 11th St.Los Angeles, CA 90006
|Loreto Street Elementary|
3408 Arroyo Seco Ave.Los Angeles, CA 90065
|Norwood Street Elementary|
2020 Oak St.Los Angeles, CA 90007
|10th Street Elementary|
1000 Grattan St. Los Angeles, CA 90015
|Magnolia Avenue Elementary|
1626 South Orchard Ave. Los Angeles, CA 90006
120 East Avenue 35 Los Angeles, CA 90031
|Betty Plasencia Elementary|
1321 Cortez St. Los Angeles, CA 90026
|Ann Street Elementary|
126 East Bloom St. Los Angeles, CA 90012
|Albion Street Elementary|
322 South Avenue 18 Los Angeles, CA 90031
|Hazeltine Avenue Elementary|
7150 Hazeltine Ave. Van Nuys, CA 91405
|Van Nuys Elementary|
6464 Sylmar Ave. Van Nuys, CA 91401
|UCLA Community K-12|
700 South Mariposa Ave. Los Angeles, CA 90005
|Wilshire Park Elementary|
4063 Ingraham St. Los Angeles, CA 90005
|Riverside Drive Charter|
13061 Riverside Dr. Sherman Oaks, CA 91423
|Laurel Span Elementary|
925 North Hayworth Ave. Los Angeles, CA 90046
|Langdon Avenue Elementary|
8817 Langdon Ave. North Hills, CA 91343
|Columbus Avenue Elementary|
6700 Columbus Ave. Van Nuys, CA 91405
|Valerio Street Elementary|
15035 Valerio St. Van Nuys, CA 91405
|Burton Street Elementary|
8111 Calhoun Ave.Panorama City, CA 91402
|Sharp Avenue Elementary|
13800 Pierce St. Arleta, CA 91331
|Rosa Parks Learning Center|
8855 Noble Ave. North Hills, CA 91343
|Andres and Maria Cardenas Elementary|
6900 Calhoun Ave.Van Nuys, CA 91405
|Gault Street Elementary|
17000 Gault St. Lake Balboa, CA 91406
|Julie Korenstein Elementary|
7650 Ben Ave.North Hollywood, CA 91605
|Cohasset Street Elementary|
15810 Saticoy St. Lake Balboa, CA 91406
|Michelle Obama Elementary|
8150 North Cedros Ave. Panorama City, CA 91402
|Panorama City Elementary|
8600 Kester Ave. Panorama City, CA 91402
|Telfair Avenue Elementary|
10975 Telfair Ave. Pacoima, CA 91331
|Hillery T. Broadous Elementary|
12561 Filmore St. Pacoima, CA 91331
|Carlos Santana Arts Academy|
9301 Columbus Ave. North Hills, CA 91343
|Haddon Avenue Elementary|
10115 Haddon Ave.Pacoima, CA 91331
|El Dorado Avenue Elementary|
12749 El Dorado Ave. Sylmar, CA 91342
9340 Noble Ave. North Hills, CA 91343
|Pinewood Avenue Elementary|
10111 Silverton Ave. Tujunga, CA 91042
|Manhattan Place Elementary|
1850 West 96th St. Los Angeles, CA 90047
|107th Street Elementary|
147 East 107th St. Los Angeles, CA 90003
|La Salle Avenue Elementary|
8715 La Salle Ave.Los Angeles, CA 90047
|Washington Primary Center|
860 West 112th St.Los Angeles, CA 90044
|Dr. Owen Lloyd Knox Elementary|
8919 South Main St. Los Angeles, CA 90003
|Figueroa Street Elementary|
510 West 111th St. Los Angeles, CA 90044
|Gil Garcetti Learning Academy|
612 West 68th St. Los Angeles, CA 90044
|Gerald A. Lawson Academy of the Arts, Mathematics and Science|
929 West 69th St.Los Angeles, CA 90044
|99th Street Elementary|
9900 South Wadsworth Ave. Los Angeles, CA 90002
|Raymond Avenue Elementary|
7511 Raymond Ave. Los Angeles, CA 90044
|Loren Miller Elementary|
830 West 77th St. Los Angeles, CA 90044
|Manchester Avenue Elementary|
661 West 87th St. Los Angeles, CA 90044
|59th Street Elementary|
5939 Second Ave. Los Angeles, CA 90043
|Lenicia B. Weemes Elementary|
1260 West 36th Pl. Los Angeles, CA 90007
|Angeles Mesa Elementary|
2611 West 52nd St. Los Angeles, CA 90043
|Western Avenue Technology Magnet|
1724 West 53rd St. Los Angeles, CA 90062
|John W. Mack Elementary|
3020 South Catalina St. Los Angeles, CA 90007
|Martin Luther King Jr. Elementary|
3989 South Hobart Blvd. Los Angeles, CA 90062
|Charles W. Barrett Elementary|
419 West 98th St. Los Angeles, CA 90003
|109th Street Elementary|
10915 South McKinley Ave. Los Angeles, CA 90059
3140 Hyde Park Blvd. Los Angeles, CA 90043
|Vermont Avenue Elementary|
1435 West 27th St. Los Angeles, CA 90007
|Birdielee V. Bright Elementary|
1771 West 36th St. Los Angeles, CA 90018
|52nd Street Elementary|
816 West 51st St. Los Angeles, CA 90037
|Hooper Avenue Elementary|
1225 East 52nd St. Los Angeles, CA 90011
899 East 42nd St. Los Angeles, CA 90011
|Menlo Avenue Elementary|
4156 Menlo Ave. Los Angeles, CA 90037
|Marguerite Poindexter LaMotte Elementary|
4410 Orchard Ave. Los Angeles, CA 90037
|Nevin Avenue Elementary|
1569 East 32nd St. Los Angeles, CA 90011
120 East 57th St. Los Angeles, CA 90011
|Ascot Avenue Elementary|
1447 East 45th St. Los Angeles, CA 90011
|Sally Ride Elementary:A SMArT Academy|
1041 East 46th St. Los Angeles, CA 90011
|Normandie Avenue Elementary|
4505 South Raymond Ave. Los Angeles, CA 90037
|49th Street Elementary|
750 East 49th St. Los Angeles, CA 90011
|Holmes Avenue Elementary|
5108 Holmes Ave.Los Angeles, CA 90058
|Maple Primary Center|
3601 South Maple Ave. Los Angeles, CA 90011
|Wadsworth Avenue Elementary|
981 East 41st St. Los Angeles, CA 90011
|Ricardo Lizarraga Elementary|
401 East 40th Pl. Los Angeles, CA 90011
|75th Street Elementary|
142 West 75th St.Los Angeles, CA 90003
1050 East 52nd Pl. Los Angeles, CA 90011
|Dolores Huerta Elementary|
260 East 31st St. Los Angeles, CA 90011
|61st Street Elementary|
6020 South Figueroa St. Los Angeles, CA 90003
|Budlong Avenue Elementay|
5940 South Budlong Ave. Los Angeles, CA 90044
|Main Street Elementary|
129 East 53rd St. Los Angeles, CA 90011
|66th Street Elementary|
6600 South San Pedro St. Los Angeles, CA 90003
|South Park Elementary|
8510 Towne Ave. Los Angeles, CA 90003
|93rd Street Elementary|
330 East 93rd St. Los Angeles, CA 90003
|Quincy Jones Elementary|
900 East 33rd St. Los Angeles, CA 90011
|Dr. James Edward Jones Primary Center|
1017 West 47th St. Los Angeles, CA 90037
|28th Street Elementary|
2807 Stanford Ave. Los Angeles, CA 90011
|West Vernon Avenue Elementary|
4312 South Grand Ave. Los Angeles, CA 90037
|McKinley Avenue Elementary|
7812 McKinley Ave. Los Angeles, CA 90001
|20th Street Elementary|
1353 East 20th St. Los Angeles, CA 90011
|42nd Street Elementary|
4231 Fourth Ave. Los Angeles, CA 90008
|Coliseum Street Elementary|
4400 Coliseum St. Los Angeles, CA 90016
|Hillcrest Drive Elementary|
4041 Hillcrest Dr. Los Angeles, CA 90008
|Carson-Gore Academy of Environmental Studies|
3200 West Washington Blvd. Los Angeles, CA 90018
|Los Angeles Elementary|
1211 South Hobart Blvd. Los Angeles, CA 90006
|Tom Bradley Global Awareness Magnet|
3875 Dublin Ave. Los Angeles, CA 90008
|Mid-City’s Prescott School of Enriched Sciences|
3150 West Adams Blvd.Los Angeles, CA 90018
|24th Street Elementary|
2055 West 24th St. Los Angeles, CA 90018
|6th Avenue Elementary|
3109 Sixth Ave. Los Angeles, CA 90018
|Mariposa-Nabi Primary Center|
987 South Mariposa Ave. Los Angeles, CA 90006
|Arlington Heights Elementary|
1717 Seventh Ave. Los Angeles, CA 90019
|New Open World Academy K-12|
3201 West Eighth St.Los Angeles, CA 90010
|Virginia Road Elementary|
2925 Virginia Rd. Los Angeles, CA 90016
|Robert F. Kennedy Elementary|
4010 East Ramboz Dr. Los Angeles, CA 90063
|Alta Loma Elementary|
1745 Vineyard Ave. Los Angeles, CA 90019
|Paseo del Rey Elementary Magnet|
7751 Pso Del Rey, Playa Del Rey, CA 90293
|Cantara Street Elementary|
17950 Cantara St. Reseda, CA 91335
|Logan Academy of Global Ecology|
1711 West Montana St. Los Angeles, CA 90026
|Mayberry Street Elementary|
2414 Mayberry St. Los Angeles, CA 90026
|Selma Avenue Elementary|
6611 Selma Ave. Los Angeles, CA 90028
|Lake Street Primary|
135 North Lake St. Los Angeles, CA 90026
|Clifford Street Math & Technology Magnet|
2150 Duane St. Los Angeles, CA 90039
1133 North Mariposa Ave.Los Angeles, CA 90029
|Vine Street Elementary|
955 North Vine St. Los Angeles, CA 90038
|Hollywood Primary Center|
1115 Tamarind Ave, Los Angeles, CA 90038
|Frank Del Olmo Elementary|
100 North New Hampshire Ave. Los Angeles, CA 90004
|Union Avenue Elementary|
150 South Burlington Ave. Los Angeles, CA 90057
330 North Harvard Blvd. Los Angeles, CA 90004
|Dayton Heights Elementary|
607 North Westmoreland Ave. Los Angeles, CA 90004
|Fletcher Drive Elementary|
3350 Fletcher Dr. Los Angeles, CA 90065
|9th Street Elementary|
835 Stanford Ave. Los Angeles, CA 90021
|2nd Street Elementary|
1942 East Second St.Los Angeles, CA 90033
|Bridge Street Elementary|
605 North Boyle Ave.Los Angeles, CA 90033
|Murchison Street Elementary|
1501 Murchison St. Los Angeles, CA 90033
|Sheridan Street Elementary|
416 North Cornwell St. Los Angeles, CA 90033
|Foshay Learning Center|
3751 South Harvard Blvd. Los Angeles, CA 90018
|Cesar Chavez Elementary|
5243 Oakland St. Los Angeles, CA 90032
|Utah Street Elementary|
255 Gabriel Garcia Marquez St. Los Angeles, CA 90033
6125 Poppy Peak Dr. Los Angeles, CA 90042
|Soto Street Elementary|
1020 South Soto St. Los Angeles, CA 90023
2821 East Seventh St.Los Angeles, CA 90023
|Lorena Street Elementary|
1015 South Lorena St. Los Angeles, CA 90023
|Bushnell Way Elementary|
5507 Bushnell Way Los Angeles, CA 90042
|Huntington Drive Elementary|
4435 North Huntington Dr. Los Angeles, CA 90032
|Evergreen Avenue Elementary|
2730 Ganahl St. Los Angeles, CA 90033
|Breed Street Elementary|
2226 East Third St. Los Angeles, CA 90033
|Sierra Park Elementary|
3170 Budau Ave.Los Angeles, CA 90032
|Malabar Street Elementary|
3200 East Malabar St. Los Angeles, CA 90063
|1st Street Elementary|
2820 East First St. Los Angeles, CA 90033
|Euclid Avenue Elementary|
806 Euclid Ave. Los Angeles, CA 90023
2660 Ruth Swiggett Dr. Los Angeles, CA 90032
|Florence Griffith Joyner Elementary|
1963 East 103rd St. Los Angeles, CA 90002
|Cabrillo Avenue Elementary|
732 South Cabrillo Ave.San Pedro, CA 90731
|Compton Avenue Elementary|
1515 East 104th St. Los Angeles, CA 90002
|112th Street Elementary|
1265 East 112th St. Los Angeles, CA 90059
|Bandini Street Elementary|
425 North Bandini St. San Pedro, CA 90731
|Grape Street Elementary|
1940 East 111th St. Los Angeles, CA 90059
|Lovelia P. Flournoy Elementary|
1630 East 111th St. Los Angeles, CA 90059
|Weigand Avenue Elementary|
10401 Weigand Ave. Los Angeles, CA 90002
|118th Street Elementary|
144 East 118th St. Los Angeles, CA 90061
|116th Street Elementary|
11610 Stanford Ave. Los Angeles, CA 90059
|92nd Street Elementary|
9211 Grape St. Los Angeles, CA 90002
|96th Street Elementary|
1471 East 96th St. Los Angeles, CA 90002
|Hawaiian Avenue Elementary|
540 Hawaiian Ave. Wilmington, CA 90744
|Fries Avenue Elementary|
1301 Fries Ave. Wilmington, CA 90744
|George De La Torre Jr. Elementary|
500 North Island Ave. Wilmington, CA 90744
|Barton Hill Elementary|
423 North Pacific Ave. San Pedro, CA 90731
|Corona Avenue Elementary|
3825 Bell Ave. Bell, CA 90201
|Annalee Avenue Elementary|
19410 South Annalee Ave. Carson, CA 90746
|Avalon Gardens Elementary|
13940 South San Pedro St. Los Angeles, CA 90061
|West Athens Elementary|
1110 West 119th St. Los Angeles, CA 90044
|95th Street Elementary|
1109 West 96th St. Los Angeles, CA 90044
1400 East 68th St. Los Angeles, CA 90001
1151 West 109th St. Los Angeles, CA 90044
|Lillian Street Elementary|
5909 Lillian St. Los Angeles, CA 90001
|Florence Avenue Elementary|
7211 Bell Ave. Los Angeles, CA 90001
11108 Watts Ave. Los Angeles, CA 90059
|Parmelee Avenue Elementary|
1338 East 76th Pl. Los Angeles, CA 90001
1263 East Firestone Blvd. Los Angeles, CA 90001
|Judith F. Baca Arts Academy|
1536 East 89th St. Los Angeles, CA 90002
|Dr. Lawrence H. Moore Math,Science, Technology Academy|
1321 East 61st St. Los Angeles, CA 90001
|William R. Anton Elementary|
831 North Bonnie Beach Pl. Los Angeles, CA 90063
8407 South Fir Ave. Los Angeles, CA 90001
|Harrison Street Elementary|
3529 City Terrace Dr. Los Angeles, CA 90063
|Eastman Avenue Elementary|
4112 East Olympic Blvd. Los Angeles, CA 90023
|Park Avenue Elementary|
8020 Park Ave. Cudahy, CA 90201
|Ellen Ochoa Learning Center|
5027 Live Oak St. Cudahy, CA 90201
|Jaime Escalante Elementary|
4443 Live Oak St. Cudahy, CA 90201
|Teresa Hughes Elementary|
4242 Clara St. Cudahy, CA 90201
|Elizabeth Learning Center|
4811 Elizabeth St. Cudahy, CA 90201
|Purche Avenue Elementary|
13210 Purche Ave. Gardena, CA 90249
|153rd Street Elementary|
1605 West 153rd St. Gardena, CA 90247
|Cimarron Avenue Elementary|
11559 Cimarron Ave. Hawthorne, CA 90250
|Hope Street Elementary|
7560 State St. Huntington Park, CA 90255
|Walnut Park Elementary|
2642 Olive St. Huntington Park, CA 90255
|San Antonio Elementary|
6222 State St. Huntington Park, CA 90255
|Pacific Boulevard School|
2660 East 57th St. Huntington Park, CA 90255
|Lucille Roybal-Allard Elementary|
3232 Saturn Ave. Huntington Park, CA 90255
|Middleton Street Elementary|
6537 Malabar St. Huntington Park, CA 90255
|Century Park Elementary|
10935 South Spinning Ave. Inglewood, CA 90303
|State Street Elementary|
3211 Santa Ana St. South Gate, CA 90280
|Stanford Avenue Elementary|
2833 Illinois Ave. South Gate, CA 90280
|Liberty Boulevard Elementary|
2728 Liberty Blvd. South Gate, CA 90280
|San Gabriel Avenue Elementary|
8628 San Gabriel Ave. South Gate, CA 90280
|Vernon City Elementary|
2360 East Vernon Ave. Los Angeles, CA 90058
The Los Angeles Housing, Community + Investment Department (HCIDLA) has established Opportunity LA (OLA) to reduce financial barriers for Los Angeles Unified School District (LAUSD) Students planning to attend a higher education institution. HCIDLA, in its capacity as the Custodian of the Opportunity LA Program, is the administrator of funds contributed to and managed by the OLA Program which is referred to herein as the “Program.”
The Program is a partnership among the City of Los Angeles, County of Los Angeles, and LAUSD. The Program period is from July 1 through June 30 (school year). The Program is offered on a year-to-year basis and will continue beyond the current school year at the discretion of the Program.
Participation and Eligibility
In order to be eligible for participation in the Program, a Student must be currently enrolled at a school that is participating in the Program. Exceptions to this eligibility requirement may be allowed at the Program’s sole discretion. An account card with a pre-preprinted account number is included in this welcome packet.
A parent or legal guardian must register the Student’s account using the pre-printed account number provided in the welcome packet, at http://mysavingsaccount.com/account/ola, to gain online access to the Student’s account record.
Program Contributions and Incentives
A Contribution is a bank deposit of funds by a Student, family, friend, or another person for the benefit of the Student. Contributions will be credited to the Student’s OLA account, and Contributions will be distributable to the Student or to the Student’s parent/guardian if the student is under the age of 18.
Incentives are funds that the Student can earn as part of the Program if the Student completes the Program requirements. There are several forms of Incentives in the Program. One-time incentive or Performance incentive: An amount which can be earned by a Student on a one-time basis pursuant to an offer of the Program. One-time incentives are conditional and determined by the Program. Match incentive: An amount equal to or based upon multiple Contributions in a Program Account, which can be earned by a Student pursuant to an offer of the Program. Matches are conditional and are paid by the Program. Incentives also include the first deposit of $50 dollars by the Program and any growth amount accrued.
In no event will any Contributions and Incentives be credited to the OLA Account or a Student’s Incentive Ledger for the benefit of the Student following the Student’s graduation from high school.
Incentives are not guaranteed and are subject to change based on the funding availability of the program.
Program disbursements are done upon the completion of the Program (which is high school graduation determined to be the last day of June any given year or the next business day if the last day of June falls on a weekend).
Contributions Disbursement: The Program will disburse funds directly to the Student (or in the case of a Student under the age of 18, to the parent or guardian for the benefit of the Student). The Student’s record in the OLA Program Account will be closed upon completion of the disbursement of all Contributions. Any Student who is in a high school graduation year may request their contribution disbursement between March 1st and June 30th of that year. Any Student withdrawing from the Program will automatically receive all Contributions (or the parent or legal guardian for the benefit of the Student if the Student is under the age of 18).
Contributions shall escheat to the State in accordance with State law upon the expiration of three (3) years in the event that the Program cannot reach the Student or parent or guardian for the disbursement of the funds or if the check for
Contributions disbursement has not been cashed.
Incentives Disbursement: Program Incentives are conditional and are distributed by the Program according to these Program Rules. Students are eligible for the Incentives in the form of a College Scholarship. Incentives shall be disbursed directly to the qualifying educational institution unless other approved Incentive arrangements have been made. For purposes of disbursement of Incentives, a qualifying educational institution is defined as a two-year or four-year accredited college or university that offers credit toward an undergraduate degree, vocational school, and some private or trade schools. The Program will disburse Incentives directly to the qualifying educational institution.
Failure to Satisfy Program Requirements
If Incentive documentation is not completed by a Student prior to the second anniversary of a Student’s projected high school graduation date, the Student will have no right to receive any Incentives, and the Student’s record in the Program Account will be closed and the Incentive Ledger will be terminated. Please note that Contributions will be distributed by the Program to the Student (or any parent/guardian for the benefit of the Student if the Student is under the age of 18).
Any extension of the Termination Date may be granted at the Program’s sole discretion. Extensions to the Termination Date may be granted prior to the Termination Date if a Student applies for an extension of time to complete the Program’s requirements as a result of military service, medical emergency, AmeriCorps Service commitment or other circumstances to be determined by the Program on a case-by-case basis.
Early Withdrawal from Program
At any time following the first anniversary of the Student’s enrollment in the Program, a Student may elect to end participation in the Program. A Student will be deemed to have elected to end participation in the Program if the Student leaves his/her school prior to graduating from that school. The death of a Student will be treated as an early withdrawal from the Program.
Leaving the School District
If the Student leaves an LAUSD school, the Student account record will be closed. Access to the online Student account will be terminated as of the date of account closure. If any contributions were made to the account on behalf of the Student, a check payable to the Student’s name will be mailed to the address on record within twenty (20) business days of account closure. All Incentives and contributions made by the Program are returned to the Program.
If the Student returns to an LAUSD school participating in the Program, a new account will be created for the Student and the initial $50 deposit will be credited to the new account.
Consequences of an early withdrawal include the following: all Contributions will be distributed by the to the Student (or the parent or legal guardian for the benefit of the Student if the Student is under the age of 18); the Student will forfeit all Incentives; the Student’s Program account will be closed, and the Incentive Ledger will terminate.
Account Information and Inquiries
Please contact the Program by mail:
HCIDLA-Opportunity LA Program
1200 W. 7th St Suite #900
Los Angeles, CA 90017
Please contact the Program by email at:
The information contained in the Program materials or on the Program’s site is not intended to constitute tax advice. The tax consequences of participation in the Program will depend on a Student’s particular tax circumstances. Students and their parent(s)/legal guardian(s) are responsible for obtaining their own tax advice with respect to participation in the Program. The Program shall not have any liability for any information contained in or omitted from the Program materials or the Program site with respect to tax matters.
Nothing contained on the Program site or in the Program materials is intended to constitute investment advice, nor does the Program give advice or offer any opinion or recommendation on the suitability of any investment strategy. Any investment decision Students make will be based solely on their own evaluation of the merits of the particular investment decision in light of their financial circumstances and investment objectives.
Program Modifications and Termination
The Program reserves the right to add to, delete and change the terms of the Student Agreement and these Program Rules from time to time at its sole discretion. If this were to occur, the Program will notify Students of any change that affects their participation. A Student’s failure to terminate participation in the Program after notice of any modification of the Student Agreement or these Program Rules will constitute affirmative acceptance by such Student of such modification and such Student’s consent to abide by those terms as modified. It is also possible that the Program may decide to terminate. If this were to occur, the Program will provide notice to Students of the decision and Students would be eligible to receive a distribution of an amount equal to all Contributions in the Program Account as of the termination date.
Limitations on Liability
NONE OF THE PROGRAM AND ITS RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, SUCCESSORS, AGENTS, AND AFFILIATES (COLLECTIVELY, THE “PROGRAM PARTIES”) ARE OR WILL BE RESPONSIBLE OR LIABLE FOR ANY SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, OR OTHER INDIRECT DAMAGES OR FOR LOSS OF PROFITS, LOSS OF DATA OR LOSS OF USE DAMAGES, THAT RESULT FROM PARTICIPATION IN THE PROGRAM OR FROM THE USE OF, OR THE INABILITY TO USE, THE PROGRAM, THE INFORMATION CONTAINED ON THE PROGRAM WEBSITE OR IN THE PROGRAM MATERIALS, EVEN IF ANY OF THE FOREGOING HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. BECAUSE SOME STATES OR JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR THE LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, IN SUCH STATES OR JURISDICTIONS THE PROGRAM PARTIES’ LIABILITY WILL BE LIMITED TO THE EXTENT PERMITTED BY LAW. IN NO EVENT WILL THE PROGRAM PARTIES’ TOTAL LIABILITY TO YOU FOR ANY DAMAGES AND LOSSES RESULTING FROM OR RELATED TO PARTICIPATION IN THE PROGRAM, WHETHER IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, EXCEED THE LARGEST AMOUNT OF CONTRIBUTIONS HELD FOR Student’S BENEFIT IN THE PROGRAM ACCOUNT WHILE THIS AGREEMENT IS IN EFFECT.
By enrolling in the Program, a parent or legal guardian of the Student (referred to in this section as you or your) understands and agrees that the Program may rely on your oral and electronic instructions concerning your Program account. In addition, you consent to the monitoring and recording of your telephone conversations with applicable parties for training or compliance purposes or to provide a record of your instructions. You agree that the applicable parties will not be liable for honoring oral instructions received from any person claiming to be you provided reasonable verification procedures have been followed.
Consent to Electronic Disclosures. You consent to the receipt of all reports, transaction confirmations, account statements, amendment notices, disclosures, correspondence, and other information from us electronically through either: (1) Access to your account information through the Program website, (2) The email address provided by you to the Program. In order to access and retain electronic disclosures in the Program, you must have: a personal computer with a browser that supports these requirements; Internet access, and a valid email account supported by software to enable you to receive email messages. Notices may be sent to Students at the email provided by the parent or legal guardian.
The Program may share information related to a Students’ participation in the Program with third parties in order to administer the Program, process Program account transactions, and make Program Account information available to Students’ at the Program site. Third parties may include, but are not limited to, Citibank, N.A. and its affiliates, a Program Sponsor, the Student, his/her parents and/or guardians, eligible schools, and colleges/universities in which the Student is or has been admitted to or enrolled in for the same and related purposes. Affiliates and third parties receiving such information may further disclose this information to other third parties solely for purposes related to the Program. Information gathered may be published in aggregate form by one or more of them. Citibank, N.A. may collect information about Students through the Program site in order to administer access to the Program site, including self-selected answers to security questions.
The Program Rules will be governed, interpreted, and enforced in accordance with the laws of the State of California, without regard to its conflicts of law provisions. No Student or parent/legal guardian may assign his/her rights and obligations under the Program Rules, in whole or in part, without the Program’s prior written consent, and any such assignment without such consent will be null and void. The Program may assign its rights and obligations under the Program Rules, in whole or in part, with the consent of The Program partners.
Citi Attn: Citi Inclusive Finance 388 Greenwich St., 18th Floor New York, NY 10013 Email: firstname.lastname@example.org
There is no cost to a student or a family to participate in
An OLA account has already been opened in the student’s name. To register the account, log into https://mysavingsaccount.com/account/ola. You will need to provide the following information:
- Student account number found in the welcome letter
- Student’s date of birth
- Zip code
- Email address
Program funds may be used for pre-college education expenses and post-secondary education. Qualified account uses will be determined by the Program and include, but are not limited to: pre-college expenses; certain expenses related to or necessary to prepare for post-secondary education; college application fees; ACT/SAT testing fees or preparatory classes; and pre-enrollment enrichment services such as “summer bridge” programs, and deposits for on-campus room and board, post-secondary education expenses for tuition, mandatory fees, books, supplies (including computer equipment), any other costs necessary to attend school, and accommodations for special needs students to attend school (Qualified Account Use). Post-secondary education includes: colleges; universities; vocational schools; and any two or four-year degree programs from accredited institutions.
To be eligible for a qualified account use, the participant must either be currently enrolled in, or graduate from an LAUSD high school.
How it Works
In the case of a family emergency, the student or parent/guardian may request an early withdrawal of some or all contributions in the student’s account. **Restrictions
A Contribution is a bank deposit of funds by a Student, family, friend, or another person for the benefit of the Student. Contributions will be credited to the Student’s OLA account, and Contributions will be distributable to the Student or to the Student’s parent/guardian if the student is under the age of 18.
Incentives are funds that the Student can earn as part of the Program. There are several forms of Incentives in the Program. One-time incentive or Performance incentive: An amount which can be earned by a Student on a one-time basis pursuant to an offer of the Program. One-time incentives are conditional and determined by the Program. Match incentive: An amount equal to or based upon multiple Contributions in a Program Account, which can be earned by a Student pursuant to an offer of the Program. Matches are conditional and are paid by the Program. Incentives also include the first deposit of $50 dollars by the Program and any growth amount accrued.
Incentives are not guaranteed and are subject to change based on the funding availability of the program.
If a student who has an OLA account transfers to another LAUSD school, the student’s school information is updated and the OLA account continues as is. If the student leaves LAUSD, then the student’s OLA account will be closed. Online viewing access of a student’s OLA account will be terminated as of the date of account closure. If any Non-Program Contributions were made to the OLA account, a check payable to the student’s name will be mailed to the address on record within twenty (20) business days of the OLA account closure. All incentives and Program Contributions are returned to the Program. The parent or legal guardian of the student will be asked to destroy and discard the student’s account ID Card.
If the student who previously participated in the Program returns to an LAUSD school, a new OLA account may be established for the student and, depending on funding availability, the initial $50 deposit will be credited to the new OLA account. Please contact the OLA program manager at email@example.com for additional inquiries.
Once a Student Account is Open
Did you know that you, your child, extended family, and friends can make deposits into an OLA account? All you need is the student’s name and account number.This can be done in a variety of ways?
In person at a local Los Angeles Citibank branch:
Step 1: Enter your address.
Step 2: Select Filter.
Step 3: Select Branches and Apply Filter.
- Cash – You can make cash deposits, with a valid government-issued photo ID, and one additional identifying document.
- Check or money order – You will need the student’s OLA Account number and Student’s name.
Make a check or money order payable to your child’s name, include their account number in the memo section of the check, and mail to:
Citi Children’s Savings Accounts
P.O. Box 790020
St. Louis, MO 63179-9966
See is we can link find a local Citibank into our webpage as follows to open window:
Please note that Citibank Branches are limited and not accessible to all local communities. For more information about finding a nearest Citibank branch you can use the Citibank Branch Locator https://online.citi.com/US/ag/citibank-location-finder or Google search.
Look for the Merchant Name Opportunity LA (OLA) in your bank’s Bill Pay service. You can set up a one-time payment or recurring payments to the Participant’s account record using this service.
No, the funds are held by the City of Los Angeles for the student and cannot be counted as part of household income.
Opportunity LA is a deposit-only savings account intended for post secondary education or college preparatory use. Such as college prep courses, SAT prep, books, tuition, and fees.
Parents or legal guardians who do not wish their child to participate in the Program have the option to opt-out initially or close the account after initial participation in the CSA. LAUSD will provide the opt-out form to parents or legal guardians to fill out and submit it to their school. Then, LAUSD will confidentially provide a list of students who have not opted-out to the Los Angeles Housing + Community Investment Department.
In the case of a closed CSA, any Program Funds shall return to the Program and any Non-Program Funds, will be released to the beneficiary.
If you need to set up the OLA Program as a Bill Pay merchant at your financial institution, follow the steps below:
Log into your bank’s online portal and proceed to the Bill Pay section.
Enter and save the Bill Pay merchant details as follows for all fields as applicable:
Merchant Name — Enter Program Name (Opportunity LA)
Account # — Enter your student’s XX-digit account number (provided in the welcome letter)
Merchant Address — Enter the address: P.O. Box 790020 St. Louis, MO 62179-9966
Merchant Phone Number — XXX-XXX-XXXX
Follow the prompts to add the merchant and set up a one-time or recurring payment. Once you have entered this merchant in your bank’s Bill Pay section, you will not have to enter the merchant’s information again and all payments will be sent electronically.
Incentives are posted within five business days. If the Incentive has not been posted within this timeframe, contact the Program for an investigation.
About Funding and Partners
The City of LA has led the partnership convenings and funding development for Opportunity LA. In 2017 former Councilman David Ryu, provided funding to aid in the design of an inclusive and accessible CSA program for Los Angeles. HCIDLA contracted with Prosperity Now and began to convene a CSA working group consisting of representatives from the City, County and LAUSD. Since then, HCIDLA went through an RFP process to secure a financial partner, CitiBank, the City provided funds through the Community Development Block Grant for staff to further develop the program, and the team has secured additional funding to launch this year and implement the program at full-scale next year.
Together, the partners have developed the program guidelines and protocols, as well as the responsibility of each entity, which are memorialized in the MOA.
The city is providing funding for LAUSD students that live in the City of Los Angeles while the county provides the funding for seed deposits for those that reside outside of the City. This program is funded in part through state grants, like the $1.4M California Student Aid Commission grant, and $1.1M of the $150M Council committed in July to invest in Black & Brown communities.
The following unique student circumstances call for additional Program Protocols (Protocols) not defined in detail in previous report sections. All Protocols described are subject to change by the Program Manager and upon mutual agreement by the Parties. Families with questions about circumstances not described below should reach out to the CSA Program staff directly. Enacting a Protocol for an individual student(s) will require confirmation from LAUSD, the City, and the County. Families in such cases may be required to provide documentation related to their circumstances not covered under the MOA. If additional information is received by the Program, the Program staff will comply with all applicable federal, state, and local laws and regulations, and confidentiality policies set forth by LAUSD and other relevant entities.
The following are examples of student circumstances that may impact his or her participation in the CSA Program:
- If a year 1 student transfers to another school not included in the School Selection Plan for year 1: The student’s CSA remains open but the Student is ineligible for additional incentives while enrolled at the current school. The Student will be eligible for future incentives when the enrolled school implements the Program.
- If the parent or legal guardian opts-out before the CSA is opened: The Student may not participate in the Program and a CSA may not be opened at a later date.
- If the parent or legal guardian decides to close the CSA after the account is opened: If an opt-out request is received after LAUSD transmits data to the Program, the parent or legal guardian may request to close their child’s account by filling out the opt-out form the following year with LAUSD, or by filling out an account closure form found on the HCIDLA webpage. If the account is closed it may not be reopened at a later date.
- If the Student leaves the district and the parent or legal guardian closes the CSA: The Program will initiate account closure. Program funds will not be released. Any deposits of Non-Program Funds will be released to the Student named as the beneficiary on the account.
- If the Student, stays in LAUSD, and the parent or legal guardian closes the CSA: The Program will initiate account closure. Program funds will not be released. Any deposits of Non-Program Funds will be released to the Student named as the beneficiary on the account.
- If the Student requests partial qualified withdrawal: CSA remains open while there are funds available for the student. Once the balance reaches $0.00 the CSA will be automatically closed by the Program.
- If the Student repeats first grade: A second CSA will not be opened for a student.
- If the Student Leaves LAUSD and returns to LAUSD at a future date: If the student leaves LAUSD the Program will close the account. If the Student returns to LAUSD the program may reopen the account at a later date based on the student directory information. If the parent or guardian has requested to close the CSA, it may not
be reopened, nor will Program Funds be re-deposited to Student’s CSA.
- Divorce/separation of parents or guardians: The Program will primarily communicate with parents or legal guardians using LAUSD directory information. If there are changes in custody or legal guardianship it should be communicated to the Program Manager if changes need to be made to their CSA. Parents can also sign a consent form to provide the Program Manager with direct information regarding the child’s CSA. The consent form can be found at:
- Students in foster care or other Department of Children and Family Services (DCFS) services: DCFS involvement shall not affect Program participation.
- If the Student becomes homeless or involved with homelessness services: Homeless status shall not affect Program participation. If a student moves, parents or legal guardians should update the Program Manager to inform them if any changes need to be made to their account, such as an Incorrect permanent address, correct mailing address, or email.
- If materials are not readily available in a family’s preferred language: Please notify the Program Manager and they will work to ensure the translation is provided to properly communicate with families.
- Special needs students: As stated in the allowable expense guidelines, both Program and non-Program funds may be used for Students to make accommodations for existing post-secondary or college preparation programs and expenses. The Program will work with community partners to identify additional opportunities and resources for Students who may need additional support to complete any educational, training, or vocational program or course.
- Homeschooled students: At this time, eligibility for the Program is limited to students enrolling at LAUSD. If private school students and their families have questions about saving for college, they will be referred to the nearest Family Source Center or 211.
- Private school students: At this time, eligibility for the Program is limited to students enrolling at LAUSD. If homeschooled students and their families have questions about saving for college, they will be referred to the nearest Family Source Center or 211.
- Name change: If a Student’s name changes, that information should be communicated directly to LAUSD and the Program Manager so that changes can be updated in the Program records. It will not change Student participation.
- Death of student: In the unfortunate event of the death or intellectual incapacitation of a Student, any non-program funds will be released to the Student’s listed parent/legal guardian. Any program funds will not be released.
- Loss, incarceration, or otherwise a change of parent/guardian: If a student’s parent/guardian changes, that information should be communicated directly to LAUSD and the Program Manager so that changes can be updated in the Program records. It will not change student participation.
The CSA Program is managed by the City of Los Angeles Housing + Community Investment Department in cooperation with other local agencies.
For account view and activation visit: http://mysavingsaccount.com/account/ola
For inquiries regarding program accounts or program questions, contact us at: firstname.lastname@example.org
Opportunity LA differs from Scholarshare529 in that our program is an opt-out model, the accounts are accessible to anyone regardless of their legal status, the program will not affect a family’s public benefits, and is completely free for families. ScholarShare 529 models are typically opt-in, gain a higher interest but will likely be reportable for tax and benefit purposes. Scholarshare 529 accounts may also have penalties for early withdrawals.
Contributions made by parents, family, friends or legal guardians may be transferred to a 529 account upon request by the participant. All program contributions including the initial deposit and any incentive that the student has earned from OpportunityLA while in the program cannot be transferred and will stay in the custodial account. The student account will remain open unless a parent or legal guardian requests to close the account at which point they must fill out a student account closure form. For more information on contributions see Program Contribution and Incentives.
We are working collaboratively with the County and LAUSD to determine incentives. Our intention is to encourage savings and connect families to financial empowerment services. For example, the City is part of Free Tax Prep Los Angeles, a campaign to support low and moderate income families in securing tax credits- and now stimulus payments- they are entitled to. We are hoping that through targeted outreach, education and a matching incentive, we could encourage families (who are able to) to save $5- $25 into their child’s savings account from their tax return. We are also considering an account portal incentive to encourage families to track their deposits, which has proven to support saving behavior, as well as other incentives such as these.