Friday, December 10, 2010

Bonds to Help Working Poor Save for College

An intriguing idea, from an article in today's Dallas Morning News: provide partial matching funds to low-income parents who purchase savings bonds with part of their tax returns. The program is supported by Opportunity Texas, described in the article as "a new group trying to expand the ranks of the middle class", and is being implemented via a grant to the United Ways of Texas and a group that owns affordable apartment communities in Arlington and Carrollton.

It's a small program, and seems to have no direct connection to policy, but makes you wonder if this might be an approach for a state to help poor families--who won't have extra $ each month to put in a 529 plan--set aside funds for college.

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