The 1:1 Fund
Match Kids’ College Dreams Dollar for Dollar
What is the 1:1 Fund?
The 1:1 Fund supports the college dreams of low-income children by ensuring that those dreams are matched with savings in the bank. We make it easy for donors, large and small, to help kids save for college by matching their contributions in special children’s savings accounts. These accounts help low-income families save for college while giving them the confidence that post-secondary education is a real and attainable goal.
Why the 1:1 Fund?
The rising cost of college discourages many students from pursuing higher education. In the absence of college savings or other financial resources to close the gap between financial aid and the full cost of college, students in low-income families face the prospect of either large amounts of debt, dropping out or not even attending college. The result is that less than 10% of students from low-income families graduate from college by their mid-twenties.
How Does It Work?
Research shows that low-income children with even $500 or less in a children’s savings account are three times more likely to enroll in college and four times more likely to graduate than children who don’t have an account. When kids and families save for college early, it changes the equation. With money in the bank, college attendance becomes an expectation.
Contributing to the 1:1 Fund is easy. The 1:1 Fund partners with leading local college savings programs that are working with low-income children saving and striving for college. You, our supporters and donors, are extremely important to the process. All you have to do is choose a local college savings program from those listed here. As students in your chosen program save, your dollars are used to encourage and match their savings dollar-for-dollar. As the savers progress, we’ll send you updates so that you can share in their success!