AEDI in the News

August 1st, 2015 Time by P.R. Lockhart
Taking Aim at Student Debt

July 22, 2015 6News, by Amina Smith
New Book by KU Professors Explores Need for Revolution in Higher Education Funding 

July 22, 2015  Diverse Issues in Higher Education, by Jamaal Abdul-Alim
Professor: Student Debt Threatening American Dream

July 21, 2015 The University of Kansas, by Michael Krings
Time for Revolution in Higher Education Funding has Come, Professors Say

July 20, 2015  New York Law School, Racial Justice Project, by Hazel Weiser
Advantaging the Advantaged Once Again

July 20, 2015 New Books in American Studies, by Ryan Allen
Real College Debt Crisis 

July 17, 2015 GoodCall, by Derek Johnson
Are Child Savings Accounts Our Way Out of the Student Debt Crisis?

July 16, 2015 Scholars Talk College Financing Reform by Graham Vyse at InsideSources
It’s Not a Financial Aid Package. It’s a Debt Package

July 16, 2015 National Association of Student Financial Aid Administrators, by Allie Bidwell
Panel Examines Long-Term Effects of Student Debt Crisis

July 15, 2015 National Review, by Jenna A. Robinson
Great Equalizer No More 

July 15, 2015 New America Foundation DC
The Real College Debt Crisis

July 13, 2015 New America NYC
Paying the Price Podcast

July 2, 2015 Stanford, by Jane Hurst
New Concepts for College Debt

June 24, 2015 USA Today, by Kelley Holland
Looking for the next crisis? Try Student Debt

June 22, 2015 Time Magazine, by P.R. Lockhart
How to Break the Millennial Debt Spiral

June 15, 2015 NBC News, by Kelley Holland
The High Economic and Social Costs of Student Loan Debt

March 20, 2015 Wall Street Journal, by Josh Mitchell
College Savings Accounts Could Be A Key Tool For Reducing Student Debt

March 11, 2015 Consumer Financial Protection Bureau, by Dave Sieminski
Here's Why You Should Open a Savings Account for Kids

February 26, 2015 The Weekly Wonk, by William Elliott III
Income-Based Repayment Plans: Comforting but Not a Cure for Student Debt

February 23, 2015 PBS News Hour, by Judy Woodruff
Why American Students are Struggling with, and Defaulting on, Small Debt

January 22, 2015 Lawrence Journal World, by Sara Shepherd
Some University Community Members came for the Issues, Others for the Show

July 19, 2014 National Journal, by Sophie Quinton
A College Savings Account for Every Child

June 10, 2014 The Hill, by Matt Cartwright and Melinda Lewis
Smart Way to Save for College

September 09, 2013 The Washington Post, by Reid Wilson
How $50 Makes Kids Seven Times More Likely to Attend College

August 10, 2013 The Wichita Eagle, by Roy Wenzl
Crippling Student Debt Affects Economy, and That's Bad News for Everyone, Expert at KU Says

July 16, 2013 Think Progress, blog by Kirsten Gibson
How Turning Away from Student Loans Could Increase Access to College

July 16, 2013 Diverse Issues in Higher Education, by Jamaal Abdul-Alim
Study Suggests Going Back to Basics: Saving to Fund Education

July 15, 2013 The Chronicle of Higher Education, by Casey McDermott
Report Seeks to Shift the Financial-Aid Conversation From Loans to Savings

July 15, 2013 Education Week, by Caralee Adams
Early Saving for College Can Improve Student Success, Report Shows

July 15, 2013 Financial Advisor, by Ted Knutson
Mandatory College Savings Would Ease Student Debt, Study Says

July 14, 2013 Las Vegas Review Journal, by Brian Sodoma
Parents Unwilling to Face Reality or Saving for College

May 21, 2013 Nevada kindergartners to receive college kick-start
by Kristina Nelson

April 17, 2013 Need to Know, a PBS program, aired a special program on children's savings accounts

March 13, 2013 Lawrence Journal World, J-W Editorial
Education Lifeline

March 7, 2013 The Topeka Capital-Journal by Caitlin Doornbos
College Savings Program on the Chopping Block

  • House committee heard a bill that would eliminate the Kansas Investment Developing Scholars program today. At the hearing, Dr. Terri Friedline said when at-risk families save for college, the planning process develops an expectation of gaining higher education. 

February 10, 2013 St. Louis Post-Dispatch by David Nicklaus
Consumers Took a Beaten in The Great Recession

  • Among other things, this article discusses a paper presented by William Elliott and Ilsung Nam at the St. Louis Federal Reserve on how outsanding student loans might jeporadize household financial health.

February 2, 2013 Lawrence Journal-World by Matt Erickson
KU Researchers Push for Government-Funded College Savings Accounts for Children

  • This articles discusses the potential value of children's savings accounts for improving children's educational outcomes.

January 8, 2013 Letter to the Editor of The Chronicle of Higher Education by Terri Friedline
Designated Education Accounts Can Lead Student to College

September 29, 2012 The Associated Press
University of Kansas Studies Link Recession, Educational Opportunities

  • The economic downturn has made it more difficult for lower-income people to obtain educational opportunities they need to improve their lot in life,  University of Kansas researchers found.

August 1, 2012 - US News & World Report
Investing in Children Early Increases Access to Education

  • A recent article in US News & World Report cites research by AEDI scholars. The articles states, "Children's savings accounts (CSAs) are one way to combat this "wilt" and keep students college-bound. We're highlighting CSAs not because they mean less borrowing (though that's a good thing), but because they mean greater access to education".

July 16, 2012 - The Washington Monthly
New issue themed "The Future Success". This speical issue features several articles that might be of interest to those interested in children's savings.

  • Dana Goldstein shows how a small amount of personal savings can make a world of difference for children, who are more likely to attend college and succeed in life if they hold some savings.
  • Phil Longman argues wealth inequality can be limited by creating American Stakeholder Accounts for children at birth, extending the power of investing to a new generation of savers.

July 2, 2012 - New America Foundation (NAF) blog by William Elliott
New Research: Long Term Effects of Youth Savings Accounts on Adult Saving Behaviors

  • While AEDI’s main focus is on the relationship between assets and education, the case for providing adolescents or younger children with savings accounts goes beyond their potential for improving adolescents’ educational outcomes. These findings [finding discussed in NAF blog] discussed suggest that having a savings account as an adolescent can improve saving outcomes. Future research will want to examine whether having a savings account as an adolescent is related to other types of asset building such as investment in stocks, bonds, retirement funds, or CDs to name a few. It might be narrow minded to just think about the effects of early savings on adolescents’ educational outcomes even when framing the discussion for including savings in a comprehensive education plan. The benefits of adolescent savings may go well beyond improved educational outcomes. If this is the case, and adolescent savings does build assets that can be used across adulthood, this might be one way that asset-building policies are in stark contrast to policies that promote college loans or even grants.  Furthermore, it might lend support to thinking about children’s savings as a type of development account that has uses beyond the college years into retirement.

June 18, 2012 - University of Kansas News Release, by Michael Krings
KU Professor's Study Calls for Establishing Savings Accounts for all Kids

  • Children who own a savings account early in life are much more likely to have greater financial assets and positive financial habits when they grow older than those who don’t. A University of Kansas professor has authored an article urging policy makers to establish early life accounts for all American children, to ensure kids whose parents don’t have the financial means don’t miss out on a vital piece of financial education.

June 12, 2012 - U.S. Department of Education, Blog by Martha Kanter, Under Secretary of Education
GEAR UP Advances College Affordability with College Savings Accounts for 10,000 High School Students

  • In discussing the announcement of the GEAR UP Savings Demonstration, Under Secretary Martha Kanter cites Drs William Elliott and Sandy Beverly, "A recent study by Elliott and Beverly about the effect of college savings on the college progress of young Americans, published in the American Journal of Education, reported that “17-23 year-old children who have savings are approximately twice as likely to be on course [in completing college] as their peers without savings of their own.”

June 6, 2012 - Epoch Times, News Article by Gary Feuerberg
Creating a College-Bound Identity: Saving Money for College Makes Kids Confident They Can Go.

  • When children save for college they are more likely to go, experts say. A new program from the U.S. Department of Education sets out to test this hypothesis and make college a reality for more children.

June 4, 2012 - PoliticalNews.me
New study shows that savings accounts help expand college access for low-income students

  • This article refers to the New America Foundation report released by Dr. Terri Friedline on Jun1, 2012. In the report, Senator Coons said. “That is why I introduced the American Dream Accounts Act to help students and their families successfully plan for college. This study by the New America Foundation clearly demonstrates the need to start students off early on the track to financial planning and savings.”

June 1, 2012 - Diverse Issues in Higher Education by Jamaal Abdul-Alim
Expert Touts Obama College Savings Plan as New Way to ‘American Dream’

  • College savings accounts like the ones the Obama administration proposed Thursday represent a “new formula for reaching the American dream,” a leading scholar in the field of children’s savings and college success said.

On June 1, 2012 New America Foundation released a new report by Dr. Terri Friedline
The Case for Extending Financial Inclusion for Children.

May 31, 2012 - U.S. Department of Education News Release
Education Department Releases Proposal to Help Thousands of Disadvantaged Students Access College Through Savings Accounts

  • “We believe that savings accounts play a key role in helping all students – especially those from low-income families – access and succeed in college,” U.S. Secretary of Education Arne Duncan said in a release. “Empowering disadvantaged students with financial resources and skills will enable them to make smart investments in higher education – and we’ll gain valuable knowledge about how to best serve these students in the future."

May 31, 2012 - New America Foundation
Financing College Success: Innovations to Promote Readiness, Access, and Completion

  • The U.S. Department of Education announces a new College Savings Account Research Demonstration Project, which will be implemented within the GEAR UP Program. The demonstration will test the effectiveness of pairing federally-supported college savings accounts with GEAR UP activities against just GEAR UP activities. They will initially allocate $8.7 million worth of funds that are already appropriated to support the demonstration.
    • Martha Kanter (Under Secretary, U.S. Department of Education), The Honorable Chaka Fattah (Member of the U.S. House of Representatives), Debra Saunders-White (Deputy Assistant Secretary for Higher Education Programs U.S. Department of Education) and Dr. Elliott among others. To watch this grounding breaking announcement by the Educaiton Department and hear Dr. Elliott's remarks.

June 29, 2011 - Washington Post
Will a College Savings Account Inspire College Attendance?

  • A pilot program will give students at KIPP urban charter schools college savings accounts — along with education about college readiness — in hope that college savings will inspire them to go to college.

May 13, 2011 - CBS MoneyWatch.com
One Small, Surprising Way to Ensure Your Kid Gets to College

  • Here's a fascinating bit of research that caught my eye: According to a new report by the College Savings Initiative, kids with a savings account in their own name are six times more likely to attend college than those without an account. Yep, you read that right: six times more likely.

April 26, 2011 - Money Happiness Blog
How to Double A Child's Odds of Attending & Graduating College

  • Middle- and lower-income parents can double their children’s chances of attending and graduating college simply by opening a savings account for them, according to a new review of 38 studies on the relationship between assets and children’s educational attainment by researchers at Washington University in St. Louis.

 

New Book Released

Today’s student loan system is in place because of a political compromise, and growing discontent with student debt may signal that this arrangement has run its course. While there are resources and organizations in place to help those struggling with debt, the time has come to consider a new direction for financial aid, William Elliott III and Melinda Lewis argue in “Student Debt: A Reference Handbook.”

Why KU
  • One of 34 U.S. public institutions in the prestigious Association of American Universities
  • Nearly $290 million in financial aid annually
  • 44 nationally ranked graduate programs.
    —U.S. News & World Report
  • Top 50 nationwide for size of library collection.
    —ALA
  • 23rd nationwide for service to veterans —"Best for Vets," Military Times