Nonprofits team up for College Savings Initiative

The New America Foundation and Center for Social Development (CSD) at Washington University in St. Louis announced a new College Savings Initiative to examine and improve "529" college savings plans so more people have the opportunity to attend and complete college.

The College Savings Initiative will examine a number of new ideas including how 529s might connect to federal tax and student aid policies. The initiative will also study the potential to automatically open a 529 for every child when they enroll in kindergarten, to enable them to save and think about college from an early age.
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