As college savings plans have gained in popularity and matured over the years, states have developed a number of innovations to facilitate access to and participation in 529s. This paper examines innovations in streamlined enrollment, pre-selected investment, and default investment in Alaska’s college savings plan. These 529 innovations—intended to facilitate greater participation, especially amongst low- and middle-income families—could play a more important role in other states to encourage savings for postsecondary education.
Project: College Success
Citation
Clancy, M., Lassar, T., & Miller, R. (2009, November). Streamlined enrollment and default investment: Innovations in Alaska’s College Savings Plan (CSD Policy Brief No. 09-65). St. Louis, MO: Washington University, Center for Social Development.