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Open Access. Powered by Scholars. Published by Universities.®

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2019

Washington University in St. Louis

2019 ; 529 college savings plan ; child development accounts (CDA) ; college success ; margaret clancy ; Michael Sherraden ; policy ; SEED for Oklahoma Kids (SEED OK) ; Sondra Beverly ; state policy ;

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Full-Text Articles in Social Work

Essential Policy Design Elements For Statewide Child Development Accounts, Margaret M. Clancy, Michael Sherraden, Sondra G. Beverly Dec 2019

Essential Policy Design Elements For Statewide Child Development Accounts, Margaret M. Clancy, Michael Sherraden, Sondra G. Beverly

Center for Social Development Research

This Fact Sheet defines 10 essential and well-established design elements of state CDA legislation. Several states have adopted CDA policies, some by legislation and others by administrative rule, all using their 529 plans as the financial platform. Those interested in creating a statewide policy can view a full discussion and documentation of sample legislation in full in the Policy Summary from which this work is adapted.