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ERIC Number: EJ1044098
Record Type: Journal
Publication Date: 2014-Oct-27
Pages: N/A
Abstractor: ERIC
ISSN: ISSN-1938-5978
Baby Talk: Children's Savings Accounts Mark New Frontier in Paying for College
Poore, Anthony; Quint, Colleen
New England Journal of Higher Education, Oct 2014
There is a growing national conversation about the role of Children's Savings Accounts (CSAs) in building assets and creating opportunities for the next generation of students, and New England is right in the middle of it. In many respects, New England is leading the way. CSAs are long-term asset-building accounts established for children, as early as birth, which then grow over the child's lifetime and are used to finance qualified higher education, including community colleges and trade schools. Both the practical and aspirational benefits of CSAs have the potential to significantly boost college-going, particularly for lower-income individuals. Real money in real accounts means families have greater confidence that they can find a way to make education after high school an option for their children. That confidence can add new energy to the dinner-table conversations about the importance of what children are doing in school now and how education can open doors for them in the future. A recent study completed by the Assets & Education Initiative at the University of Kansas found that college savings increase college entry for low- and moderate-income students. Low- and moderate-income students with savings are three times more likely to enroll in college and four times more likely to graduate from college than students with no savings.
New England Board of Higher Education. 45 Temple Place, Boston, MA 02111. Tel: 617-357-9620; Fax: 617-338-1577; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A