College Accounts at Birth: State Efforts Raise New Hopes
Patricia Cohen, The New York Times
Braylon Dedmon was just days old when his mother, Talasheia, received an offer of $1,000 to open a college savings account in his name. At first, she thought it was a scam. It wasn't.
The money, part of an experiment in Oklahoma, is one of a growing number of efforts by cities and states to help a new generation climb the educational ladder and build assets. This study and others aren’t finished, but at a time when the gap between the richest sliver of Americans and everyone else is growing, the results have been encouraging.