Asset Building Briefs & Summaries Financial Inclusion

Savings and Educational Attainment: The Potential of College Savings Plans to Increase Educational Success

Improved College Savings (529) Plans are part of the Obama administration’s broader focus on postsecondary education access and degree completion. This brief contains a literature review of the effects of savings and assets on outlook and life chances. The brief also examines the potential of savings to influence educational attainment and college completion.

Project: College Success


Sherraden, M. (2009, July). Saving and educational attainment: The potential of College Savings Plans to increase educational success (CSD Research & Policy Brief No. 09-29). St. Louis, MO: Washington University, Center for Social Development.