Researchers find early savings accounts help low-income kids reach college

Monday, September 19, 2011 - 16:00 in Psychology & Sociology

Anyone who has saved for a college education, whether for a child or for themselves, can attest it's not easy to put money away. A team of researchers from the University of Kansas and colleagues have shown that when savings accounts are started for children of low-income families and financial education is included, not only are the families more likely to save, but students can be more likely to attend college and graduate.

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