This paper focuses on participants in the NextGen College Investing Plan® Matching Grant Program, designed to increase plan participation and post-secondary education savings among low- to-moderate-income state-resident families. To date, there is little research regarding who benefits from inclusive 529 program features and how effectively these features help participants save. To understand saving among low-to-moderate-income individuals in 529s, the Center for Social Development conducted a survey that investigated who saves in the Matching Grant program, what factors led participants to open an account and save, and what factors are associated with successful saving performance. Findings shed light on how institutional structures may explain participation and saving in the NextGen Matching Grant Program.
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