Children's savings account programs spread in New England

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CONCORD, N.H. (AP) — New Hampshire is considering a new program to help children save money for college, but the proposal lags years behind other nearby states in timing and target population.

Under a bill that has stalled in the New Hampshire Senate, every kindergarten student in Coos County and the city of Manchester would get $100 in seed money that could only be spent on higher education costs after they turn 18. Half the money would come from the state and half would come from the New Hampshire Charitable Foundation.

Maine, Connecticut and Rhode Island all have statewide programs that start accounts for newborns rather than older children, and Massachusetts is considering one. Vermont is working to get funding for the program it authorized last year.

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