College Savings Initiative: Latest Publications

529s and Public Assistance

Asset Building — Tue, 10 Nov 2009 16:10:00 -0500

529s are tax-advantaged accounts designed to help families save for post-secondary education. In recent years, state policymakers and 529 administrators have worked to expand access to 529 plans and increase the participation of lower-income families through outreach, advertising, and targeted incentives such as matching deposits and reducing or eliminating fees.[1] Yet, as plan administrators and state and federal policymakers design new strategies for expanding the use of 529 plans

Low-Cost State Policy Innovations to Help Families Save for College

Asset Building — Tue, 03 Nov 2009 13:56:00 -0500

At a time when low-income students are underrepresented in higher education and the cost of attendance is becoming increasingly unaffordable, 529 college savings plans have the potential to address issues of college readiness, access and completion. Savings can help reduce higher education debt, making college more affordable, and has the potential to change aspirations and behaviors of both students and their parents. Research from the asset building field shows that even a relatively small amount of savings may have positive impacts on behavior and educational achievement.

Increasing College Completion Among Low-Income Students through Savings

Asset Building — Mon, 19 Oct 2009 08:03:00 -0400

Earlier this year, the Obama Administration released a bold new plan for improving the state of higher education in the United States. Its fiscal year 2010 budget proposal included several items aimed at increasing postsecondary education enrollment and completion rates, and decreasing the financial burden that college represents to many lower and middle class families. [1] These proposals include reforming the federal student loan program, expanding Pell Grants for low-income students, and creating a new College Access and

After Oppenheimer: Improving College Savings Plans

Erin Drankoski — Tue, 08 Sep 2009 11:19:00 -0400

After their children's college savings accounts lost 38 percent of their value last year, some Illinois parents might be seeing some justice soon. The Illinois Treasurer's office recently reached a tentative deal with Oppenheimer funds to recover $77 million of the $85 million in losses.

Five Low-Cost Federal Policy Ideas to Help Families Save for College

Asset Building — Wed, 29 Apr 2009 10:10:00 -0400

The Potential of 529 College Savings Plans

At a time when low-income students are underrepresented in higher education and the cost of attendance is becoming increasingly unaffordable, 529s have the potential to address issues of college readiness, access and completion. College savings can help make higher education more affordable, and have the potential to change aspirations and behaviors of both students and their parents. Research from the asset building field has shown that even a relatively