Margaret Clancy, Terry Lassar, Rebekah Miller
As college savings plans have gained in popularity and matured over the years, states have developed a number of innovations to facilitate access to and participation in 529s. Adding to the Center for Social Development’s larger body of state 529 research, this paper examines innovations in streamlined enrollment, pre-selected investment, and default investment in Alaska’s college savings plan. These 529 innovations—intended to facilitate greater participation, especially amongst low-and middle-income families—could play a more important role in other states to encourage savings for post-secondary education.
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