Dive Brief:

• Nevada is launching a pilot program to set up college savings plans for 3,000 kindergartners and giving each student's account a head start with $50.
• The money does not come from taxpayers; it's from grants, donations and fees the state collects from banks.
• The plan would also provide up to $300 in matching funds for families making less than $75,000 a year.

Dive Insight:

A study [PDF link] found that children with a college savings account are almost seven times more likely to attend college — in fact, it was a better predictor than race or the parents’ net worth.