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Children's Savings Accounts

As Maine Goes, So Goes the Nation

As Maine Goes, So Goes the Nation

At one point in American history, the phrase “as Maine goes, so goes the nation” was a common phrase in politics. The saying referred to Maine’s status as a bellwether of presidential elections at a time when Maine held its gubernatorial elections in September. The phrase has fallen out of use in more recent times and, for most Americans, Maine’s status as a largely rural state with an aging po

10/30/2017

San Francisco’s Kindergarten to College Program Celebrates New Milestone: Half of All Public School Students Have CSA

San Francisco’s Kindergarten to College Program Celebrates New Milestone: Half of All Public School Students Have CSA

For many in the financial empowerment and asset building fields, San Francisco’s Kindergarten to College (K2C) program has been a model Children’s Savings Account (CSA) program to watch and replicate. Established in 2011, it was the first universal, public CSA program in the country.

10/20/2017

1:1 Fund Back-to-School Campaign in Full Swing This Week, Featuring Three New Partners

1:1 Fund Back-to-School Campaign in Full Swing This Week, Featuring Three New Partners

On Monday, the 1:1 Fund launched its annual Back-to-School Campaign to raise savings incentives for kids and teens saving in Children’s Savings Accounts (CSAs).

09/26/2017

Two New Resources Highlight Path Forward to CSA Expansion

Two New Resources Highlight Path Forward to CSA Expansion

The recently-released 2017 Prosperity Now Scorecard shows several promising educational attainment trends. The national on-time high school graduation rate increased for the fifth consecutive year and now stands at 83%. Student loan default rates also declined for the third straight year.

08/28/2017

Expanding CSAs through Regional Collaboration

Over the past few years, we’ve seen a lot of energy around Children’s Savings Account (CSA) programs across the country, but the New England region has been particularly active. Three New England states – Maine, Rhode Island and Connecticut – now have statewide CSA programs in place, and both Boston and the Massachusetts State Treasurer’s Office launched pilot programs last year.

By: Shira Markoff
08/14/2017

CSAs and Early Awareness: NCAN Paper Includes College Saving Among Evolving Strategies to Promote College-Going in the Middle Grades

CSAs and Early Awareness: NCAN Paper Includes College Saving Among Evolving Strategies to Promote College-Going in the Middle Grades

One of the appealing qualities of Children’s Savings Accounts (CSAs) is that they address a number of important objectives in the development of young people, including teaching good financial habits, strengthening social and emotional skills, growing savings and building college expectations.

07/27/2017

Donors Share Why They Support 1:1 Fund Partners

Each quarter Prosperity Now’s initiative, the 1:1 Fund, coordinates fundraising campaigns to raise money for Children’s Savings Account (CSAs) programs.

07/14/2017

What Works in CSA Programs: New Research From Inversant

Inversant, a Campaign for Every Kid's Future partner, is a Children’s Savings Account (CSA) program provider working with more than ten community partners in Massachusetts.

By: Bahar Akman Imboden
06/27/2017

1:1 Fund Partners with Gift of College to Encourage Nevada Parents to Save

1:1 Fund Partners with Gift of College to Encourage Nevada Parents to Save

As CFED has written about before, Gift of College, a national gift registry for 529 college savings plans and student loan accounts, launched the sale of plastic gift cards at Toys "R" Us and Babies "R" Us stores nationwide in an effort to increase uptake in 529 college sa

03/13/2017

Cities Are a Hub of CSA Activity and Innovation

Cities Are a Hub of CSA Activity and Innovation

Cities have been a hub of Children’s Savings Account (CSA) innovation, starting with San Francisco’s launch of the first universal, municipal CSA program, Kindergarten to College, which inspired the creation of many other

By: Kamolika Das
02/21/2017

CSAs and ESAs Are More Different Than the Words Suggest

CSAs and ESAs Are More Different Than the Words Suggest

We have recently observed an uptick in news stories and legislation about Education Savings Accounts (ESAs), which are individual flexible use accounts funded by states for families’ private educational expenses. ESA legislation has been adopted in five states since 2011.

02/13/2017

How Executive Action Can Help Expand Children’s Savings Programs

How Executive Action Can Help Expand Children’s Savings Programs

As we’ve discussed previously on this blog and in other CFED publications, Children’s Savings Account (CSA) programs have proliferated across the country over th

By: Shira Markoff
01/27/2017

Well-Designed CSAs Have the Potential to Help Decrease the Racial Wealth Divide

Well-Designed CSAs Have the Potential to Help Decrease the Racial Wealth Divide

Supporters of Children’s Savings Accounts (CSAs) often point to the fact that CSAs increase economic opportunity. CSAs are designed to ensure that all families, especially those in low- and moderate-income communities, have at least a modest wealth endowment to pay for postsecondary education.

01/13/2017