President Trump visiting Cobb high school next week
Former U.S. President Donald Trump looks on during a rally at the Waco Regional Airport on March 25, 2023, in Waco, Texas.
COBB COUNTY, Ga. - President Donald Trump is scheduled to visit Wheeler High School in Cobb County next week to pitch his student investment program.
What we know:
Trump plans to travel to the high school on Wednesday to outline his "Trump Accounts" initiative, which sets up investment accounts that track the stock market on behalf of children.
The event is scheduled to start at 2 p.m. and those interested in attending can register here.
White House and Cobb County school officials confirmed the president selected the district to highlight academic excellence and student success. The event will feature exceptional educators and students who have helped establish the school system as a national leader in public education.
The district currently serves 105,738 students across 112 schools. Administrators expressed pride in the selection, noting it offers a chance to share their innovative educational options with a national audience.
"The Cobb County School District is honored that the President of the United States has chosen to visit the District for an event highlighting education and student achievement," the school district said in a statement.
"We look forward to welcoming the President and showcasing the high-quality academic choices which make Cobb the best place to raise a family," added John Floresta, Chief Strategy & Accountability Officer.
Dig deeper:
Private banks and brokerages will manage the money through U.S. equity index funds, keeping annual fees capped at 0.10%.
Parents can contribute up to $2,500 annually in pretax income, and total yearly contributions from relatives, friends, employers, local governments and charities are capped at $5,000.
RELATED: Trump Accounts for kids launch July 4: How to get $1,000
The Treasury Department will automatically deposit $1,000 for babies born during Trump's second term—between Jan. 1, 2025, and Dec. 31, 2028—provided the child is a U.S. citizen with a Social Security number.
Older children can also have accounts opened for them, but they will not receive the $1,000 seed money, and all funds remain locked until the child turns 18 except under rare circumstances.
Trump accounts: $1,000 for every American baby
President Trump discusses a key part of the new tax bill: investment accounts for every American child. He explains the $1,000 starting seed for newborns and how private funding from donors like Michael Dell is scaling the program to 25 million children.
What we don't know:
It remains unclear how many people will be permitted to attend the event or what specific security adjustments will impact the surrounding area.
The Source: The information in this story was gathered from sources close to the event, who confirmed the details to FOX 5 Atlanta.