College Board Challenges the Pell

The College Board has a brave new idea. It wants the government to establish college savings account for low-income children starting at the age of 11. The money for the college plan would come from advances on the Pell Grant, typically announced at the end of high school.

It is well-proven that when a family focuses on college early and believes that it is within financial reach, their student has a significantly greater chance of going to college. This proposal should build aspirations for college, creating motivation to get there.

Many low-income families have the resources to save for college but don't. Immigrant families, which make up 30 percent of low-income students in all public schools, send billions back to support relatives in their home countries without saving for their children's educations. For many African-Americans, church donations come before college savings.

Source: huffington

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