Examining the relationship between parental educational expectations and a community-based children's savings account program |
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| Institution: | 1. Department of Sociology, Center on Assets, Education, and Inclusion, University of Kansas, 716 Fraser Hall, 1415 Jayhawk Blvd, Lawrence, KS 66045, United States;2. Center on Assets, Education, and Inclusion, School of Social Welfare, University of Kansas, Twente Hall 309, 1545 Lilac Lane, Lawrence, KS 66044, United States;3. Center on Assets, Education, and Inclusion, University of Kansas, 110 Watkins Home, 1545 Lilac Lane, Lawrence, KS 66045, United States;4. Wabash City Schools, PO Box 744, Wabash, IN 46992, United States;5. George W. Brown School of Social Work, Washington University in St. Louis, 13127 Bent Lane, Fort Wayne, IN 46845, United States;1. Human Sciences Research Council of South Africa, P/Bag X41, Pretoria 0001, South Africa;2. Health Systems Research Unit, South African Medical Research Council, P.O. Box 19070, Tygerberg 7505, South Africa;3. School of Public Health and Family Medicine, University of Cape Town, South Africa;4. Human Sciences Research Council of South Africa, Private Bag X9182, Cape Town 8000, South Africa;1. Kent School of Social Work, Oppenheimer Hall, 2217 South Third Street, University of Louisville, Louisville, KY 40292, USA;2. Sobriety Treatment and Recovery Teams (START), Comissioner''s Office, Department for Community Based Services, Cabinet for Health and Family Services, 275 E. Main St., Frankfort, KY 40601, USA |
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| Abstract: | This paper presents evidence of the relationship between exposure to a community-based Children's Savings Account (CSA) program and parents' educational expectations for their children. We examine survey data collected as part of the rollout and implementation of The Promise Indiana CSA program. Although results differ by parental income and education, results using the full sample suggest that parents are more likely to expect their elementary school-age children to attend college if they have a 529 account or were exposed to the additional aspects of the Promise Indiana program (i.e., the marketing campaign, college and career classroom activities, information about engaging champions, trip to a University, and the opportunity to enroll into The Promise). Parents who were both exposed to the additional aspects of the Promise Indiana program and have a 529 account are over three times more likely to expect their child to attend college than others, increasing to 13 times more likely among parents with no college education. Overall, results suggest a community-based CSA program – Promise Indiana – is associated with nontrivial benefits for families. |
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