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During the pilot program that began in 2016, Boston Saves proved \"to be an essential part of providing families with the tools to save for their children's post-secondary future,\" Walsh said in a statement.

Families of 1,600 public school students earned an additional $15,000 in incentives during the pilot program, according to the city. About 43% of eligible families participated.

Esmirna Soto, who enrolled in the pilot program for her son, said in a statement that participating \"brought up important family discussions about college and financial planning early on.\"

\"The experience has been great because the earlier we save, the more our child will benefit over time,\" she said. \"He benefits by knowing that we are not only expecting him to attend college or some form of higher education, but that we are also financially planning for it.\"

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