Aurora's child savings account program, launched in the city of Chicago last year, has been discontinued due to budget constraints and issues with the program itself. The program, named Aurora's Promise, was intended to give all of the city's kindergarten students a savings account with a starting contribution of $50. Once a student grew up, the account could have been used to help fund education after high school. It was the first city-sponsored child savings program in Illinois, following other cities across the country like San Francisco, New York City, Boston and Los Angeles. The city recently ended its contract with the nonprofit that managed the program, Operation Hope, and announced it was ending with a halt. Researchers have found that students enrolled in automatic children’s savings account programs are more likely to enroll in post-secondary education like college.