Children's savings account programs spread in New England

Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

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.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics



    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast