Children’s Savings Account
Children’s Savings Account (CSA) initiatives automatically enroll Michigan students into post-secondary education savings accounts. Students engage with accounts through in-school financial education and other activities to connect account ownership with performance and engagement in school. Long-term, CSAs promote academic achievement and college completion. CEDAM supports Michigan-based CSA initiatives through one-on-one technical assistance. To date, more than 9,000 Michigan students have been enrolled in CSA program!
There are seven CSA initiatives in Michigan:
- Barry County Kickstart to Career, Barry County
- Lansing SAVE, City of Lansing
- Kickstart to Career, Newaygo County
- The Buchanan Promise CSA Kickstart to Career, Buchanan School District
- Promise Fund, Sanilac County
- Jim Myers K2C Fund, Madison Public School District
- Kickstart to Career, Muskegon County
If your organization is interested in learning more about CSAs, join the Michigan Children’s Savings Account Network. MI CSA Network is a group of community foundations, nonprofits and local governments that meet to discuss the future growth and development of CSA programs in Michigan as well as share knowledge and best practices and receive technical assistance from CEDAM. Joining the Network is free and meetings are quarterly. For more information, please email Brian Rakovitis or call him at 517.485.3588 ext. 1942.
Michigan-based CSAs in the news:
- “Lansing kindergarteners get savings accounts for college.” (Lansing State Journal)
- “Recent Expansion Reflects Broad Appeal of Children’s Savings Programs” (Prosperity Now)
- “December 21, 2018, Declared CSA Awareness Day in Michigan” (MI State Legislature)