NPO: Grants Match Child Support Funds for College Savings

Submitted by Matt on Sat, 2014-08-09 16:14

Article here. Excerpt:

'Kansas Department for Children and Families announced the creation of the Child Support Savings Initiative. It will encourage parents who owe child support to pay into education savings accounts for their children.

For every dollar put into an account, the state will reduce the parent's debt obligation by $2. Kansas welfare officials said they will use more than $600,000 in grants from two foundations to launch it: W.K. Kellogg Foundation and the Annie E. Casey Foundation.

Texas is the only other state, which National Parents Organization knows of, that has anything at all like this. In Texas, the Child Support for College, CS4C, is a pilot program of the Texas Office of the Attorney General and other partners aimed at linking child support customers to financial coaching institutions. The goal is to promote parent savings for their child’s future college education; but, Texas does not provide the match as is being tested in Kansas.'

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