Author

Mark Huelsman

Additional Authors

Clancy, Margaret

Publication Date

11-3-2009

Summary

While 529 plans are defined in the federal tax code, individual states have considerable latitude to innovate and make their plans more inclusive. Some states have undertaken large-scale initiatives, such as matching contributions or establishing accounts at birth. Other states have been exploring a number of smaller, lower- cost innovations to remove disincentives and increase savings. States are often the testing ground for future federal policies, and several of these initiatives could also be enacted at the federal level.

Document Type

Policy Brief

Category

Financial Inclusion

Subarea

Asset Building

Original Citation

Huelsman, M., & Clancy, M. (2009, November). Low-cost state innovations to help families save for college (CSD Policy Brief No. 9-64). St. Louis, MO: Washington University, Center for Social Development, and New America Foundation.

DOI:

https://doi.org/10.7936/K7T72GZ6

Project

College Success

Keywords

529, college savings, college savings plan, policy design, state policy

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