| Author(s): | Lassar, T., Clancy. M., McClure, S. |
| Title: | Toward more inclusive college savings plans: Sample state legislation |
| Source: | http://csd.wustl.edu/Publications/Documents/PR1... |
| Date: | 2010 |
| Organization: | Center for Social Development |
| Short Description: | To make higher education a viable option for all children in this country, it is important to offer a saving structure that serves families at all income levels. The inclusive 529 policy strategies discussed in this report
are informed by existing policies in the states, and guided by the ideal of providing a savings account, as early as birth, to all children.
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| Annotation: | To make higher education a viable option for all children in this country, it is important to offer a saving structure that serves families at all income levels. The inclusive 529 policy strategies discussed in this report
are informed by existing policies in the states, and guided by the ideal of providing a savings account, as early as birth, to all children.
A number of states have enacted legislation to make college savings plans more accessible and easier
to use by families at all income levels. This report identifies the following key policy strategies that
some states currently use to promote participation for all residents within their direct sold 529 college savings plan.
These strategies are to: 1) facilitate enrollment and contributions, 2) remove saving disincentives, 3) increase saving incentives, and 4) strengthen tax benefits.
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