NotesFAQContact Us
Collection
Advanced
Search Tips
ERIC Number: ED538634
Record Type: Non-Journal
Publication Date: 2008-Apr-9
Pages: 4
Abstractor: As Provided
Reference Count: N/A
ISBN: N/A
ISSN: N/A
College Savings Accounts 101. Policy Page. No. 08-325
Center for Public Policy Priorities
An educated and skilled workforce is critical to Texas' economic vitality and competitiveness. However, Texas' low educational attainment poses tremendous challenges for the future. Rising tuition and limited financial aid also present Texas families and students with considerable barriers in paying for college and postsecondary training. Without substantial intervention, this trend is likely to continue, leaving many students locked out of higher education and a brighter future. 529 College Savings Plans offer important tools for increasing educational levels by improving K-12 student achievement, minimizing dropouts, supporting our lagging financial aid system, and reducing dependence on expensive student loans. To date, however, the Texas plans have yet to reach their full potential. As with most savings and investment vehicles, low-income families may face barriers to participation because they have a limited ability to save for the future. Texas can overcome these barriers by developing policies that help families save for their children's education, such as matching their contributions to a 529 plan. Increasing participation in these college savings plans should be a vital component of statewide efforts to increase college enrollment and completion. This policy page introduces college savings plans, how they operate, and why a matched savings policy can move Texas forward. (Contains 6 online resources and 1 endnote.)
Center for Public Policy Priorities. 900 Lydia Street, Austin, TX 78702. Tel: 512-320-0222; Fax: 512-320-0227; Web site: http://www.cppp.org/
Publication Type: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: Center for Public Policy Priorities (CPPP)
Identifiers - Location: Texas