“Children’s Savings Accounts (CSAs) reflect two realities: starting early is the best way to build savings, and dedicating resources to paying for college raises the educational expectations of children and their families. CSAs are thus an important tool for equalizing educational access and strengthening financial opportunity and security. Yet, there is still work to be done to increase the reach and impact of CSAs, especially for LMI households and families of color. To better understand the role that design principles play in equitable program access and overall program impact, Commonwealth pursued design and evaluation partnerships with CSA programs. This report details our findings on these four essential elements of effective program design. These insights provide a guide for both new and expanding CSA programs in achieving engagement, satisfaction, and overall impact.”
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By Commonwealth, https://buildcommonwealth.org/
