A primary goal of the Children and Youth Savings Account Policy Demonstration (CYSAPD) is to operate in a cost-effective manner and to demonstrate a program that may eventually serve millions of people. Accordingly, consideration should be given in CYSAPD to using college savings plans for parents saving for the education of a child, and for teens interested in saving for post-secondary education. This paper addresses college savings plans, followed by design and research implications for CYSAPD.
Project: SEED National Initiative
Clancy, M. (2001). College Savings Plans: Implications for policy and for a children and youth savings account policy demonstration (CSD Report No. CYSAPD 01-6). St. Louis, MO: Washington University, Center for Social Development.