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Full-Text Articles in Social Work
College Savings Plan Accounts At Birth: Maine's Statewide Program, Margaret M. Clancy, Terry Lassar
College Savings Plan Accounts At Birth: Maine's Statewide Program, Margaret M. Clancy, Terry Lassar
Center for Social Development Research
The Harold Alfond College Challenge offers $500 to every child in the state enrolled in Maine’s NextGen college savings plan within 1 year from birth. As the first U.S. example of a statewide Child Development Account, the Alfond Challenge is a laboratory to study and learn from Maine’s experience. This CSD policy brief provides an overview of the Alfond Challenge, examines administrative and enrollment challenges, and offers recommendations and federal and state policy directions.
Staying On Course: The Effects Of Savings And Assets On The College Progress Of Young Adults, William Elliott Iii, Sondra G. Beverly
Staying On Course: The Effects Of Savings And Assets On The College Progress Of Young Adults, William Elliott Iii, Sondra G. Beverly
Center for Social Development Research
Increasingly, college graduation is seen as a necessary step toward achieving the American Dream. However, large disparities exist in graduation rates. This study examines the college progress of young adults. Findings suggest that 57% of young adults between the ages of 17 and 23 are “on course,” that is, are currently attending or have graduated from college. Those with family assets and savings of their own are more likely to be on course. In multivariate analysis, both net worth and youth school savings are strong predictors of college progress. Youth school savings and parental savings for youth are strong predictors …
The Role Of Savings And Wealth In Reducing "Wilt" Between Expectations And College Attendance, William Elliott Iii, Sondra Beverly
The Role Of Savings And Wealth In Reducing "Wilt" Between Expectations And College Attendance, William Elliott Iii, Sondra Beverly
Center for Social Development Research
The Role of Savings and Wealth in Reducing "Wilt" Between Expectations and College Attendance
Toward More Inclusive College Savings Plans: Sample State Legislation, Terry Lassar, Margaret M. Clancy, Sarah Mcclure
Toward More Inclusive College Savings Plans: Sample State Legislation, Terry Lassar, Margaret M. Clancy, Sarah Mcclure
Center for Social Development Research
A number of states have created inclusive 529 policy strategies to make college savings plans more accessible and easier to use for families at all income levels. These strategies include facilitating enrollment and contributions, removing saving disincentives, increasing saving incentives, and strengthening tax benefits. In this report, we examine these inclusive state policy strategies, describe their application through legislative and administrative means, and point to specific examples.A related policy brief by the same title is also available.
Toward More Inclusive College Savings Plans: Sample State Legislation, Terry Lassar, Margaret M. Clancy, Sarah Mcclure
Toward More Inclusive College Savings Plans: Sample State Legislation, Terry Lassar, Margaret M. Clancy, Sarah Mcclure
Center for Social Development Research
A number of states have created inclusive 529 policy strategies to make college savings plans more accessible and easier to use for families at all income levels. These strategies include: facilitating enrollment and contributions, removing saving disincentives, increasing saving incentives, and strengthening tax benefits. In this brief, we highlight these inclusive state policy strategies, describes their application through legislative and administrative means, and points to specific examples. A related policy report by the same title is also available.
Streamlined Enrollment And Default Investment: Innovations In Alaska's College Savings Plan, Margaret M. Clancy, Terry Lassar, Rebekah Miller
Streamlined Enrollment And Default Investment: Innovations In Alaska's College Savings Plan, Margaret M. Clancy, Terry Lassar, Rebekah Miller
Center for Social Development Research
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.
Assets And Liabilities, Educational Expectations, And Children's College Degree Attainment, Min Zhan, Michael Sherraden
Assets And Liabilities, Educational Expectations, And Children's College Degree Attainment, Min Zhan, Michael Sherraden
Center for Social Development Research
Assets and Liabilities, Educational Expectations, and Children's College Degree Attainment
Low-Cost State Innovations To Help Families Save For College, Mark Huelsman, Margaret M. Clancy
Low-Cost State Innovations To Help Families Save For College, Mark Huelsman, Margaret M. Clancy
Center for Social Development Research
While 529 plans are defined in the federal tax code, individual states have considerable latitude to innovate and make their plans more inclusive. Some states have undertaken large-scale initiatives, such as matching contributions or establishing accounts at birth. Other states have been exploring a number of smaller, lower- cost innovations to remove disincentives and increase savings. States are often the testing ground for future federal policies, and several of these initiatives could also be enacted at the federal level.
College Savings Plans: Investment Options, Safety, And Policy Implications, Margaret M. Clancy, Joe Jovanovich
College Savings Plans: Investment Options, Safety, And Policy Implications, Margaret M. Clancy, Joe Jovanovich
Center for Social Development Research
With recent stock market decline, balances in many college savings (529) plans have also declined. Investment options such as money market funds or FDIC-insured CDs are gaining attention, and questions are being raised about the safety of 529 savings plan investments. This brief provides information on 529 savings plan investment options and safety as well as policy implications.
Five Low-Cost Ideas To Help Families Save For College, Margaret M. Clancy, David Newville
Five Low-Cost Ideas To Help Families Save For College, Margaret M. Clancy, David Newville
Center for Social Development Research
Improvements to the 529 platform could increase the number of low- and moderate-income families saving in 529s and make it easier for these families to build assets for education. These reforms include large initiatives, such as coordinating existing higher education tax credits and financial aid with 529s, as well as small initiatives to increase savings. This document contains several low-cost, simple reforms for 529s at the federal level. These would be important first steps for enabling more low- and moderate-income students to complete higher education.
Policy Brief: Pursuing 529 College Savings Plan Exclusion From Oklahoma Asset Limit Tests, Lisa Reyes Mason, Soda Lo, Margaret M. Clancy
Policy Brief: Pursuing 529 College Savings Plan Exclusion From Oklahoma Asset Limit Tests, Lisa Reyes Mason, Soda Lo, Margaret M. Clancy
Center for Social Development Research
Pursuing 529 College Savings Plan Exclusion from Oklahoma Asset Limit Tests
Excluding 529 College Savings Plan Accounts From Oklahoma Public Assistance Asset Limit Tests, Lisa Reyes Mason, Margaret M. Clancy, Soda Lo
Excluding 529 College Savings Plan Accounts From Oklahoma Public Assistance Asset Limit Tests, Lisa Reyes Mason, Margaret M. Clancy, Soda Lo
Center for Social Development Research
Excluding 529 College Savings Plan Accounts From Oklahoma Public Assistance Asset Limit Tests
State 529 Matching Grant Program Summary, Margaret M. Clancy, Lisa Reyes Mason, Soda Lo
State 529 Matching Grant Program Summary, Margaret M. Clancy, Lisa Reyes Mason, Soda Lo
Center for Social Development Research
State 529 Matching Grant Program Summary
Reforming 529 College Savings Plans To Better Reach Low-Income Families, Margaret Clancy, Leslie Parrish
Reforming 529 College Savings Plans To Better Reach Low-Income Families, Margaret Clancy, Leslie Parrish
Center for Social Development Research
Reforming 529 College Savings Plans to Better Reach Low-Income Families
Inclusion In College Savings Plans: Participation And Saving In Maine's Matching Grant Program, Margaret Clancy, Chang-Keun Han, Lisa Reyes Mason, Michael Sherraden
Inclusion In College Savings Plans: Participation And Saving In Maine's Matching Grant Program, Margaret Clancy, Chang-Keun Han, Lisa Reyes Mason, Michael Sherraden
Center for Social Development Research
Inclusion in College Savings Plans: Participation and Saving in Maine's Matching Grant Program
Section 529 Savings Plans, Access To Post-Secondary Education, And Universal Asset Building, Margaret Clancy, Reid Cramer, Leslie Parrish
Section 529 Savings Plans, Access To Post-Secondary Education, And Universal Asset Building, Margaret Clancy, Reid Cramer, Leslie Parrish
Center for Social Development Research
Section 529 Savings Plans, Access to Post-Secondary Education, and Universal Asset Building
The Potential For Inclusion In 529 Savings Plans: Report On A Survey Of States, Margaret Clancy, Michael Sherraden
The Potential For Inclusion In 529 Savings Plans: Report On A Survey Of States, Margaret Clancy, Michael Sherraden
Center for Social Development Research
The Potential for Inclusion in 529 Savings Plans: Report on a Survey of States