529 plans

What the President Really Should have been Slow Jammin' with Jimmy Fallon About

April 25, 2012

Last night, President Obama took to the Late Night stage to deliver his call to action to prevent interest rates on federal student loans from doubling in July...slow jam style. He focused his message on preserving college access and affordability and the threat posed to each by rising student loan costs.

A Federal Budget that Puts Higher Education within Reach: the ASPIRE Act and Inclusive 529s

April 17, 2012
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Going to college and getting an education has long been regarded as a reliable path out of poverty. And for good reason. Research by the Pew Economic Mobility Project shows that children in the bottom income quintile have a forty-five percent chance of remaining in the bottom quintile if they only have a high school education; those who get a college degree only have a sixteen percent chance. Likewise, the average college graduate makes $29,000 more per year than someone with only a high school diploma.

Yet when a college education isn’t even an option because of its excessive cost—as is increasingly the case for many U.S. families—this narrative falls apart. Today, the average American household must devote a significant portion of their annual income to tuition in order to make attending college a reality. Although in the long run the educational system needs greater structural changes, two policy reforms that would facilitate saving for college from a young age—the ASPIRE Act and improved 529 accounts—would allow a greater number of low-income students to access higher education.

Introducing The Assets Report 2012 and Infographic!

April 10, 2012
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Every year, the Asset Building Program analyzes the President's budget request to see how much goes to support asset building policies. More importantly, we keep tabs on how this money is spent because this is the key to understanding who the spending is benefiting.

Asset Building News Week, Mar 5-9

March 9, 2012
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The Asset Building News Week is a weekly Friday feature on the The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include unemployment, inequality, education, and homeownership.

Santorum Raising the Wrong Concerns about College

March 5, 2012
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Recent comments by presidential candidate Rick Santorum have invited skepticism on the importance of a college education. And, there are legitimate reasons to question the value of a college degree, to be sure. After all, the cost of college is going up and the ability of most families to pay those costs is shrinking in comparison.

Overcoming Obstacles to College Attendance and Degree Completion

  • By
  • Rachel Black,
  • Mark Huelsman,
  • New America Foundation
March 5, 2012

The rise in student loan debt has directed critical attention to the growing pace of college costs as well as the reliance on loans to finance those costs. For graduates entering the workforce in recent years, many are finding that they are unable to find the type of job they thought they were securing when they received their degree, if they are able to find a job at all. Consequently, more loans are going unpaid and student loan debt has become the only class of consumer debt where defaults are increasing.

Asset Building News Week, Feb 13-17

February 17, 2012
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The Asset Building News Week is a weekly Friday feature on the The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include the President’s Budget, the CFPB, public benefits, inequality and mobility, community colleges, and financial education.

Ideas for Refining Children's Savings Account Proposals

  • By
  • William Elliott,
  • New America Foundation
January 26, 2012

“Creating a Financial Stake in College” is a four-part series of reports that focuses on the relationship between children’s savings and improving college success. This series examines: (1) why policymakers should care about savings, (2) the relationship between inequality and bank account ownership, (3) the connections between savings and college attendance, and (4) recommendations to refine children’s savings account proposals.

Asset Building News Week, 3rd Edition

January 20, 2012
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The Asset Building News Week is a weekly Friday feature on the The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include taxes, the housing crisis, prepaid cards, public benefits reform, prize linked savings, economic mobility and inequality, and education.

We Save, We Go to College

  • By
  • William Elliott,
  • New America Foundation
January 19, 2012

“Creating a Financial Stake in College” is a four-part series of reports that focuses on the relationship between children’s savings and improving college success. This series examines: (1) why policymakers should care about savings, (2) the relationship between inequality and bank account ownership, (3) the connections between savings and college attendance, and (4) recommendations to refine children’s savings account proposals.

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