Archives: College Savings Initiative Articles and Op-Eds

Beyond Financial Aid: Why We Should Help Students and Families Save Early and Save Often for College

  • By
  • Mark Huelsman,
  • New America Foundation

There was much to-do last month over the Obama administration's fiscal-2012 budget proposals for higher education. Specifically, many education observers took issue with the administration's suggestion to fiscally shore up the Pell Grant program by ending year-round Pell Grants for students attending summer school, as well as ending the "in-school interest subsidy" that prevents some low-income graduate students' loans from accruing interest until they have left school.

City Gives Kindergartners Head Start on College

  • By
  • Molly Carter,
  • New America Foundation
October 13, 2010 |

Surrounded by city leaders, foundation partners, and kindergartners, San Francisco Mayor Gavin Newsom launched last Tuesday a new initiative that could have a significant impact on the city’s Asian-American community. The pilot, Kindergarten to College, will make San Francisco the first city in the nation to seed college savings accounts for children entering its public schools.

Beyond the Poverty Line

  • By
  • Rourke OBrien,
  • New America Foundation
  • and David S. Pedulla, Stanford Social Innovation Review

On July 13, 2008, New York City’s poverty rate was 18 percent. Twenty-four hours later it had ballooned to 23 percent. How did more than 400,000 New Yorkers become impoverished overnight? The answer is that Mayor Michael Bloomberg adopted a new and more complex—and, he argued, more accurate—measure of poverty than the one the federal government uses. His action reignited a debate in Washington, D.C., and beyond about how America determines who is poor—a debate that many hope will be settled by the U.S. Congress this year.

Help Families Save for Colleges

  • By
  • Mark Huelsman,
  • New America Foundation
January 2, 2010 |

A recent report by the nonprofit project on student debt contains some troubling news for Iowa families: In the class of 2008, students graduating from college in Iowa finished with more debt, on average, than students in any other state. Iowa State University, for its part, showed up on the report's list of "High Debt Public Colleges and Universities," those institutions notable for having very high student debt levels.

After Oppenheimer: Improving College Savings Plans

  • By
  • David Newville,
  • Rourke OBrien,
  • New America Foundation
September 8, 2009 |

After their children's college savings accounts lost 38 percent of their value last year, some Illinois parents might be seeing some justice soon. The Illinois Treasurer's office recently reached a tentative deal with Oppenheimer funds to recover $77 million of the $85 million in losses.

How to Encourage Families to Save for College

  • By
  • Rourke OBrien,
  • New America Foundation
September 25, 2008 |

This month, as parents of college-age students sign promissory notes for student loans and watch tuition checks diminish their bank accounts, Congress is encouraging all parents to wake up and start planning. While National College Savings Month -- meant to spread awareness about the need to save for higher education -- has a laudable goal, promoting the importance of saving won't do much to help struggling families afford the cost of higher education.

A College Fund for Every Student

  • By
  • Michael Dannenberg,
  • New America Foundation
August 23, 2008 |

Barack Obama wants to give families a refundable $4,000 tax credit for college, if their children complete a required amount of community service. It's a fine, conventional Democratic idea. It could be a lot more powerful, though, if Obama coupled it with an old Republican favorite - depositing his $4,000 credit into private accounts like the so-called 529 plans that so many upper-income families use to save for college.

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