Another reason to start saving early! Children with savings accounts in their names are six times more lkely to go to college than those without accounts. And, this finding controls for factors like race and household income, meaning that children are more likely to go to college if they have an account in their name even if other demographic measures would predict a low propensity for college enrollment. In other words, the power of having a savings account isn’t about how much money is in it, but rather, about how it informs a child’s aspirations. bit.ly/10RKZgA
Posted on: Fri, 24 May 2013 18:43:37 +0000
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