CSAs are long-term savings or investment accounts that help children (ages 0-18) and their families, especially those from low-income families, build savings for the future. CSAs:
- Provide incentives to grow savings, such as initial deposits, savings matches or prize-linked savings
- Are usually used for postsecondary education (e.g. college, vocational/technical schools), though other possible uses include homeownership and financing a small business.
For a map of all children's savings programs, click here.
This brief offers a step-by-step guide to designing a Children's Savings Account program.
College Savings for College Success: Helping Low-Income Families Access Higher Education Through 529 Accounts
Note: This is a guest post from Christina Davila, Project Manager at El Monte Promise Foundation According to surprising results...
This document offers a snapshot of this expanding field, illustrating the similarities and differences in CSA program models.
An interactive guide to help organizations, cities, counties and states design successful Children’s Savings programs.