Saving and Educational Asset-Building within a Community-Driven CSA Program

Author(s): 
Lewis, Melinda
O'Brien, Megan
Jung, Euijin
Harrington, Kelly
Jones-Layman, Amanda
Project(s): 
Children's Savings Account
Publication type: 
Working Paper

In this report AEDI presents three separate but complementary studies that analyze data from the Promise Indiana CSA Program Intervention. First, analysis of a survey conducted by Promise Indiana staff with families in the Promise Indiana target population examines attributes associated with knowledge and ownership of 529 accounts. Second, analysis of savings data collected by Ascensus College Savings on behalf of Promise Indiana considers patterns of deposits, asset accumulation, and account ownership by families who have opened CollegeChoice 529 accounts through Promise Indiana. Third, findings from interviews with a subsample of parents whose children have 529 CollegeChoice accounts opened through Promise Indiana are shared to provide some qualitative context for parental perceptions about college savings within this community-driven CSA program.

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Citation: 

Lewis, M., Elliott, W., O'Brien, M., Jung, E., Harrington, K., Jones-Layman, A. (2016) Saving and Educational Asset-Building within a Community-Driven CSA Program: The Case of Promise Indiana. Lawrence, KS: University of Kansas, Center on Assets, Education, and Inclusion.

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