Submit a Story / News

Sponsored Links

Higher Ed News

College-Saving Plan Use Should Expand Beyond Wealthy, U.S. Says

Source: Posted By: Gigi D...3575 days ago

U.S. college-savings plans mostly benefit wealthy families, the Treasury Department said in a report that recommended steps to attract more middle-class participants.

Only 5 percent of middle-income Americans use savings plans such as so-called Section 529 accounts, Treasury Secretary Timothy Geithner said today in a speech at Syracuse University in Syracuse, New York. Almost 60 percent of families with college savings accounts fall into the 90th income percentile or higher, according to the....

Read full story >>

  • (0 vote)   

View Comments  

No Comment available.  Write the first comment

© 2009-2018, All Rights Reserved.
Higher Ed Space ® is a registered trademark of AmeriCareers LLC.