This month, AEDI will be in Boston, working with the Boston Fed on Children’s Savings Account policy. Our time in New England will include individual meetings with policymakers and other stakeholders around the region, as well as convenings regionally and nationally, including a conversation on CSA delivery systems AEDI is cohosting with the Boston Fed on Friday of this week. AEDI Founding Director Willie Elliott is a visiting scholar with the Federal Reserve Bank of Boston this year. This collaboration is already proving to be of significant mutual benefit, and we are eager to see what can come from bringing together colleagues committed to improving children’s lives through the instrument of CSAs. While in New England, we will have the chance to present about our understanding of how CSAs work, through the mechanisms of asset accumulation and account ownership, and we will help policymakers working on CSAs to articulate the expected outcomes by which these efforts will be assessed. We will travel to Rhode Island as they roll out important changes to their CollegeBoundBaby CSA initiative. We will also consult with academics working on broader higher education issues, as well as with advocates and practitioners eager to leverage the momentum in the New England states for national policy impact. As part of this work, we will also produce a policy paper and some other deliverables, and we are actively compiling all of the information we can find about higher education, political dynamics, and financial policies in this region. If you have resources we should investigate or colleagues with whom we should connect in this part of the country, we would love to hear about them! We will be tweeting pictures and updates from New England all week, and we look forward to sharing some of our reflections when we return. And, yes, we’re bundling up!
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.”
- Save a Little, Gain a Lot: Cultivating College-Saver Identities By Melinda Lewis
- Building College-Saver Identities among Latino Immigrants by William Elliott
- Does Community Access to Alternate Financial Services Relate to Individual's Use of Service by Friedline and Kepple
- Do Community Characteristics Relate to Young Adult College Students’ Credit Card Debt? by Friedline, West, Rosell, Serido and Shim
- The Potential for Savings Accounts to Protect Young Adult Households from Unsecured Debt by Friedline and Freeman
- 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.
- 23rd nationwide for service to veterans —"Best for Vets," Military Times