Asset Building Financial Inclusion Report

College Savings Plans: Implications for Policy and for a Children and Youth Savings Account Policy Demonstration

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.

Citation

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.