Policy

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Publicly-supported Children’s Savings Account (CSA) programs have launched in states and communities ranging from St. Louis to San Francisco and Nevada to Rhode Island. Here you’ll find policy briefs and recommendations from a range of organizations on how to implement CSA programs at the local, state and federal levels, along with advocacy tools and sample legislation.


Policy Briefs

Expanding Educational Opportunity Through Saving

Expanding Educational Opportunity Through Saving

Children’s Savings Accounts (CSAs) are based on the idea that helping more children succeed in higher education requires starting early and empowering families. Families with savings for college can use those savings to help their children pay for education expenses. Investments made early also grow every year until college, boosting the ultimate amount of savings and maximizing its impact. Additionally, there is growing evidence that starting to save for college early can help build expectations for higher education and positive, lifelong financial habits. (Prosperity Now)

Child Accounts: The Appropriate Role for the Private Sector

Child Accounts: The Appropriate Role for the Private Sector

Issue brief on the value of CSAs, with a focus on a potential retail model. (The Aspen Institute)

Child Trust Funds: Renewing the Debate for Long-Term Savings Policies

Child Trust Funds: Renewing the Debate for Long-Term Savings Policies

Issue brief on the value of CSAs, with a focus on the UK's Child Trust Fund program. (The Aspen Institute)

Examining the Canadian Education Savings Program and its Implications for U.S. Child Savings Account (CSA) Policy

Examining the Canadian Education Savings Program and its Implications for U.S. Child Savings Account (CSA) Policy

A discussion of Canada's children's savings program and an analysis of the implications for CSA policy in the United States. (Center on Assets, Education and Inclusion, University of Kansas)

A Regional Approach to Children’s Savings Account Development: The Case of New England

A Regional Approach to Children’s Savings Account Development: The Case of New England

A brief on the development of CSA policy in six New England states as part of a regional strategy facilitated by the New England CSA Consortium. (Center on Assets, Education and Inclusion, University of Kansas)

Scholarly Research on Children's Savings Accounts (Fact File)

Scholarly Research on Children's Savings Accounts (Fact File)

A summary of the most compelling research findings illustrating the impact of CSAs in an brief fact file for policymakers. (Prosperity Now)

Children's Savings Accounts:  Research, Practice and Implications for Policy Design

Children's Savings Accounts: Research, Practice and Implications for Policy Design

A review of the research foundations for CSAs, which describes the proliferation of recent policy efforts and considers key policy design questions relevant for federal policy. (New America)


Advocacy Tools

Cities and States Developing Creative Approaches to Fund CSAs

Cities and States Developing Creative Approaches to Fund CSAs

This paper provides advocates and policymakers with several funding options—including examples from the city and state-levels—for establishing publicly-supported CSA programs. (Prosperity Now)

More

Toward More Inclusive College Savings Plans: Sample State Legislation

Toward More Inclusive College Savings Plans: Sample State Legislation

A policy guide including sample legislation and state policy strategies for children's savings programs informed by existing policies. (Center for Social Development, Washington University in St. Louis)

Assets & Opportunity Scorecard

Assets & Opportunity Scorecard

The Assets & Opportunity Scorecard is the leading source for data on household financial security and policy solutions, including information on states' education and college savings policies. (Prosperity Now)

Assets & Opportunity Local Data Center

Assets & Opportunity Local Data Center

The Local Data Center provides local-level household financial security data, including estimates of household wealth and financial access for thousands of cities and counties in the United States, which can be used to help demonstrate the need for CSAs in an area. (Prosperity Now)


Sample Legislation

Federal Legislation - USAccounts

Federal Legislation - USAccounts

Text of proposed 2015 USAccounts bill, introduced in Congress, which would create a national, universal, at-birth CSA program.

Vermont Legislation - Universal Children's Savings Program

Vermont Legislation - Universal Children's Savings Program

Text of the 2015 legislation creating the Vermont CSA program, a universal, at birth, statewide CSA program.

Washington Legislation - Universal Children's Savings Program

Washington Legislation - Universal Children's Savings Program

Text of proposed 2016 bill to create a universal, at birth, statewide CSA program in Washington state.

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