Children's Savings Accounts
About This Issue
IABG is leading a Campaign for Children’s Savings Accounts (CSAs) based on the recommendations put forth by the Illinois Child Savings Account Task Force. Universal Children’s Savings Accounts in Illinois aim to address the low educational attainment, rising cost of post-secondary education, and the growing inequality that we see throughout our communities. CSAs will bring opportunity and security to Illinois families, providing a savings account at birth for every Illinois child.
What if Every Illinois Child had a College Savings Account?
Bigger Dreams – Children are 6 times more likely to attend college if they know someone is saving for their future & supporting their dreams.
BiggerOpportunities – A college degree gives a young person more opportunities to build wealth over a lifetime and contribute to their community as a whole.
Brighter Futures – Increased access to college savings will result in higher levels of college completion, a more competitive workforce, and stronger financial stability for Illinois residents.