Children’s Savings Account: Survey of Private and Public Funding 2019
Children’s Savings Account (CSA) programs offer a promising strategy to build a college-bound identity and make post-secondary education an achievable goal for more low- and moderate-income children. CSAs provide children (starting in elementary school or younger) with savings accounts and financial incentives for the purpose of education after high school. Beyond their financial value, CSAs are associated with beneficial effects for children and parents, including improved early child development. child health, maternal mental health, educational expectations, and academic performance. Many of these benefits are strongest for children from low-income families. This report shares a snapshot of the scale and makeup of the funding for the CSA field in 2019. It follows similar AFN reports on CSA funding in 2014-2015 and 2017 and captures the following data on CSA programs’ financial support in calendar year 2019:
