New College Savings Initiative Aims to Advance College Success for All Families - Bill & Melinda Gates Foundation

ST. LOUIS -- Today, May 21st, the New America Foundation and Center for Social Development (CSD) at Washington University in St. Louis announced a new College Savings Initiative to examine and improve “529” college savings plans so more people have the opportunity to attend and complete college.

“This initiative couldn’t be more timely,” said Ray Boshara, Vice President of Domestic Policy Programs at New America. “Vice President Biden recently said the Obama administration was committed to improving 529s to help achieve college affordability and completion, and President Obama has called for Americans to ‘move from an era of borrow and spend to one where we save and invest.’”

 To read the full press release, visit the College Savings Initiative's web site.