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Congress considers college starter fund proposal
A plan by Rep. Harold Ford aims to create savings accounts for every American child to fund higher education, with a first-year cost of about 3.25 billion and 37.5 billion over a decade. The ASPIRE Act seeks bipartisan support and parallels SEED studies funded by Ford Foundation efforts. Economic skeptics caution inflation erodes gains, yet advocates say early ownership motivates college savings.
MENTIONED IN THIS ARTICLE
Harold Ford
D-Tenn
Ford
Commercial Appeal
Memphis, Tenn
Jon Corzine
D-Mj
Rick Santorum
R-Pa
Philip English
Patrick Kennedy
D-Mass
Thomas Petri
R-Wis
Jim Ryan
R-Kan
Ryan
School of Social Welfare
Ford Foundation
Schwab Foundation
Edmonds
Crouchers
Osage City
Amanda
Chris
Baldwin
Gracie
Garrett
Amanda Croucher