Study: Healthier Families, More Hopeful If Child Can Get Money for College

Study: Healthier Families, More Hopeful If Child Can Get Money for College

Researchers found that parents who received the money expected their child to complete one more year of education, on average, than before they received the money. Parents in the study received $500 in the form of a College Savings Account to go toward their child’s future post-secondary education. Six months after they received money, parents expected their child to complete 16 years of education rather than 15.

What to expect from Cal/OSHA’s incoming workplace mask proposal “That is exactly what we like to see,” said Amanda Feinstein, director of the Brilliant Baby program.

She noted the results are early indicators. A randomized control study compares the results of a study group, who in this case received money, with a control group who did not receive money for their child’s education. The randomized control study of 200 families found that only six months after receiving the money from Oakland Promise’s Brilliant Baby program, parents expected their children to go to school longer, family financial well-being improved, and parents were less stressed and more optimistic.

Most of the families in the study were Black, indigenous or from another underrepresented group. In Sacramento, the Legislature and the governor are proposing big investments in college savings accounts for young children. “Parents are embracing this opportunity to support their aspirations for their children’s bright futures,” Feinstein said in a statement.

They were less stressed compared with the control group and they felt they were more financially secure. Parents who received money were more hopeful as measured by feelings of determination and planning to achieve one’s goals.

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