Education Funding Report Roundup

Family Finance

By Ian Quillen — September 28, 2010 1 min read
  • Save to favorites
  • Print

A study that examined the effects of opening savings accounts for 1,100 newborns across 12 communities found the accounts not only helped families of all income levels build assets for children, but also seemed to spur positive behavior and attitudes.

The collaborative study from Washington-based nonprofits such as the Corporation for Enterprise Development and the New America Foundation, among others, reports the findings of the 10-year Saving for Education, Entrepreneurship, and Downpayment initiative, or SEED, which tested the effect of matched savings accounts and financial education for children and their families.

It found the creation of such accounts helped parents build self-esteem and hope, and increased family discussions with children about finances and college.

Related Tags:

A version of this article appeared in the September 29, 2010 edition of Education Week as Family Finance

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Assessment Webinar
Rethinking STEM Assessment: Strategies for Administrators
School and district leaders will explore strategies to enhance STEM assessment practices across their district, within schools and classrooms.
Content provided by Project Lead The Way
Federal Webinar Keeping Up with the Trump Administration's Latest K-12 Moves: Subscriber-Exclusive Quick Hit
EdWeek subscribers, join this 30-minute webinar to find out what the latest federal policy changes mean for K-12 education.
Artificial Intelligence Live Online Discussion A Seat at the Table: Math & Technology: Finding the Recipe for Student Success
How should we balance AI & math instruction? Join our discussion on preparing future-ready students.

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Funding Trump Admin. Says California’s K-12 Funding Is at Risk. What Would It Mean?
Title I and IDEA funding could be caught up in the battle between the White House and the largest state, which is led by Democrats.
10 min read
President Donald Trump takes a question from a reporter during an event signing a bill blocking California's rule banning the sale of new gas-powered cars by 2035, in the East Room of the White House on June 12, 2025, in Washington.
President Donald Trump takes a question from a reporter during an event where he signed a resolution blocking California's rule banning the sale of new gas-powered cars by 2035 in the East Room of the White House on June 12, 2025. Trump's administration has reportedly discussed halting "formula funds" to the state's education department.
Alex Brandon/AP
Education Funding The Trump Budget for K-12 Schools: 5 Key Takeaways
The administration wants to cut roughly $7 billion in annual K-12 funding. Much of it supports vulnerable students.
6 min read
A kindergarten student raises her hand in a dual-language immersion class.
A kindergarten student raises her hand in a dual-language immersion class. Among other changes, President Donald Trump's fiscal 2026 budget would end dedicated federal funding for supplemental services for English learners.
Allison Shelley for All4Ed
Education Funding Trump Wants to Cut More Than 40 Federal K-12 Programs. See Which Ones
The president's detailed budget, released Friday, proposes eliminating dozens of programs as part of a nearly $13 billion cut.
2 min read
Illustration of a budget sheet, pencil, and calculator.
Maxim Basinski/iStock/Getty
Education Funding Trump's Education Budget Calls for Billions in Cuts, Major Policy Changes
The proposal includes a plan to eliminate 18 existing grant programs and replace them with one funding stream.
7 min read
President Donald Trump holds up a signed executive order alongside Secretary of Education Linda McMahon in the East Room of the White House in Washington, Thursday, March 20, 2025.
President Donald Trump holds up a signed executive order alongside Secretary of Education Linda McMahon in the East Room of the White House in Washington on March 20, 2025. The president's budget proposes a 15% cut for the U.S. Department of Education.
Ben Curtis/AP