Researcher's proposal touts savings accounts to ease student debt crisis
Monday, July 22, 2013 - 06:30
in Psychology & Sociology
William Elliott III, assistant professor of social welfare at the University of Kansas, released a report that addresses the student debt crisis by establishing savings accounts for all American children at birth. Elliott, director of the Assets and Education Initiative at KU, based his suggestion on research he and colleagues have performed that shows savings not only reduce students' debt once they complete college but makes them much more likely to enroll in and complete higher education.