Publication Date
8-29-2011
Summary
It has been suggested that children’s savings programs will be more effective if they are combined with strategies to build children’s college-bound identities. In this study we use a multi-level treatment approach to propensity score analysis to test this proposition. Findings suggest that children who have savings and are certain they will graduate from a four-year college are more likely to attend college than their counterparts. Given this, we suggest that children’s savings policies designed to increase college attendance rates will be more effective if they include strategies for building children’s college-bound identity and college-bound identity programs will be more effective if they are linked to children’s savings programs.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Asset Building
Original Citation
Elliott, W., III, Chowa, G., & Loke, V. (2011).Toward a children's savings and college-bound identity intervention for raising college attendance rates: A multilevel propensity score analysis (CSD Working Paper No. 11-29). St. Louis, MO: Washington University, Center for Social Development.
Project
College Success
Keywords
529, college savings, college enrollment, college expectations, child development account, CDA, PSID
Recommended Citation
Elliott, W., III, Chowa, G., & Loke, V. (2011).Toward a children's savings and college-bound identity intervention for raising college attendance rates: A multilevel propensity score analysis (CSD Working Paper No. 11-29). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K76H4GXP
Notes
Subsequent publication: Elliott, W., III, Chowa, G., & Loke, V. (2011). Toward a children‘s savings and college-bound identity intervention for raising college attendance rates: A multilevel propensity score analysis. Sociology Mind, 1(4), 192–205. doi:10.4236/sm.2011.14025