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Children's Savings Accounts

Children's Savings Policy

The growing interest in Children’s Savings Accounts is an acknowledgement of today’s reality: While it’s undisputed that college is a ticket to mobility, it’s also undisputed that soaring costs are making college increasingly unattainable. Fewer than half of American families believe that someone can succeed today without a college degree. At the same time, more than half of families feel “behind” in saving for their children’s education.

But by starting a nest egg early—through savings accounts for children—college hopes can become reality for more students. With interest in Children’s Savings Accounts gaining momentum, policymakers should seek every avenue to encourage the availability of these accounts nationwide. Ultimately, the goal should be to make a low-cost, easy-to-use college savings account available to every child in America.

Federal Policy

Federal Policy


Federal policymakers can help every child start saving for college by making CSAs low-cost, easy to use and accessible. CFED has created fact files, as well as recommendations for federal policy, aimed at bringing children around the country closer to the American dream.

State Policy

State Policy


State experimentation can set the stage for federal policy. A number of states have already taken action to promote and incentivize savings for children and families. States should encourage savings in 529 plans and make them as accessible as possible.


Featured policy resources:

Fact File: Scholarly Research on Children's Savings

Fact File: Scholarly Research on Children's Savings

A growing body of evidence documents the potential of children’s savings, including those saved in special college savings accounts, known as Children’s Savings Accounts, or CSAs. Some of the studies featured here examine the impact of CSA programs specifically, while others examine the relationship between college savings and future educational and economic success.

Stroke of a Pen: Children's Savings

Stroke of a Pen: Children's Savings

This paper provides advocates and policymakers with several funding options—including examples from the city and state-levels—for establishing publicly-supported CSA programs.

Fact File: Saving Up, Moving Up? Children, Savings & Opportunity

Fact File: Saving Up, Moving Up? Children, Savings & Opportunity

Get the facts on how savings impact child financial wellbeing and economic mobility.

Federal Policy Brief: Child Savings Accounts Expand Opportunity

Federal Policy Brief: Child Savings Accounts Expand Opportunity

This brief details the benefits of CSAs and how congress can support their continued development.

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