Young Children's Perceptions of College and Saving: Potential Role of Child Development Accounts

This paper explores young children’s perceptions and expectations about attending college, and the potential influence of a savings program on shaping children’s perceptions about paying for college. As part of a four-year study of a school-based college savings program called “I Can Save,” this paper uses qualitative evidence from interviews conducted in second and fourth grades with a diverse group of 51 children. Findings suggest that most of the children in the study have a general understanding of college and have begun a process of considering higher education. Further, children in “I Can Save” are more likely than a comparison group of children to perceive that savings is a way to help pay for college.

This paper was presented during  Child Development Accounts: Research and Policy Symposium , a November 2008 conference, and was developed for publication in  Child Development Accounts: Theory, Evidence, and Policy Potential , a special issue of  Children and Youth Services Review . Released in November 2010, the special issue was edited by Michael Sharraden, Youngmi Kim, and Vernon Loke.