
College Savings Programs
Compiled by Arden Rice Sujewicz, August 2000
[Return to LRB Publications Page]
College Savings: Information on State Tuition Prepayment Programs.
U.S. General Accounting Office, 1995. (377.2/X14) Evaluates the first seven states to establish college savings programs. Examines participation rates by family income level and assesses the different factors that make some of these programs more advantageous or popular than others. http://www.access.gpo.gov/su_docs/aces/aces160.shtmlEdVest College Savings Program.
Wisconsin Legislative Reference Bureau, May 2000 (Legislative Brief 00–2). (377.2/W7o1) Summarizes the changes to Wisconsin’s EdVest college savings program brought about by 1999 Wisconsin Act 44. This new law makes the state’s program a qualified state tuition program according to federal legislation.EdVest Wisconsin: A New Way to Save for College Tuition Expenses.
Wisconsin Department of Administration, June 1997. (377.2/W7n) Offers detailed information about the benefits and requirements of Wisconsin’s college savings program. Enclosed with the booklet are a sample application form, and other related forms. Similar information and recent changes in the program are outlined at the program’s official web site. http://edvest.state.wi.us/static/Federal Tuition Tax Credits and State Higher Education Policy: A Guide for State Policy Makers.
Kristin D. Conklin, The National Center for Public Policy and Higher Education, November 1998. (Internet only) Examines the impact of the 1997 Taxpayer Relief Act that provides families with substantial tax credits and savings incentives to cover college costs. Sections two and three review the options and make recommendations for how states might consider adjusting their tuition rates, financial aid programs, and tax codes in light of this new federal law. http://www.highereducation.org/reports/taxcredit/taxcredit.shtmlHigher Education Tuition.
Wisconsin Legislative Reference Bureau, July 1998 (Legislative Brief 98–15). (377.2/W7o) Outlines a range of state programs to help Wisconsin residents cope with the rising costs of higher education. http://www.legis.wisconsin.gov/lrb/pubs/Lb/98lb15.pdfSpecial Report on College Savings Plans 1998.
The College Savings Plan Network, 1999. (377.2/N211) A detailed status report on the financial, regulatory, and administrative aspects of all the college savings plans across the nation. Includes individual state profiles and over two dozen tables.Testimony of the College Savings Plan Network presented by Marshall Bennett, State Treasurer of Mississippi, regarding Tax Incentives to Promote Saving for Higher Education before the Committee on Ways and Means U.S. House of Representatives. June 23, 1999. Advocates for additional tax incentives to promote college savings programs and argues that state administered programs provide a secure investment with far more regulatory protection and oversight than proposed privately operated programs. http://www.collegesavings.org/testimony.htm
Trends in College Pricing.
The College Board, 1999. (Internet only) This annual report is compiled from survey data taken from The College Board’s Annual Survey of Colleges. It compares the costs of undergraduate study for two– and four–year programs in both public and private institutions. Certain data is broken down by region of the country, but not individual states. http://www.collegeboard.org/press/cost99/html/Trends_Pricing_1999.pdfTrends in Student Aid.
The College Board, 1999. (Internet only) This annual report is a companion to Trends in College Pricing. It analyzes the quantity of financial assistance available for college through grants, loans, and work study. The introduction highlights many of the significant findings of the report. http://www.collegeboard.org/press/cost99/html/Trends_AID_1999.pdfUniversity of Wisconsin Tuition.
Wisconsin Legislative Fiscal Bureau, January 1999 (Informational Paper no.38). (377.2/W7i3/1999) Analyzes tuition trends and factors influencing the rise in tuition throughout the UW System. Comparative statistics for neighboring states and similarly sized and ranked universities are also included.The Wisconsin College Tuition Prepayment Program (1995 Wisconsin Act 403) Rev. ed.
Wisconsin Legislative Council, July 2, 1996 (Information Memorandum 96–12). (377.2/W7f) Describes the intent and motivation behind the passage of 1995 Wisconsin Act 403 which created the state’s EdVest college savings program. Details of how the program will be staffed and implemented are also discussed. http://www.legis.wisconsin.gov/lc/im96_12.pdfBadgerLink:
http://www.dpi.state.wi.us/badgerlink/ College savings programs: a selection of 4 articles printed from EBSCOhost, 1996–2000. (377.2/C68)"The College Saving Fund Scandal". Thomas Easton and Michael Maiello, Forbes, vol.165, no.6, March 6, 2000, p.172. Highlights reasons consumers should be wary of state sponsored college savings programs and identifies some of the best and worst state programs.
"Give It the New College Try: State Savings Plans Are Unglamorous–but Attractive". Ellyn E. Spragins, Newsweek, vol.132, no.10, September 7, 1998, p.74. Compares and contrasts typical requirements and fees involved with various college savings programs.
"Rewarding College Savings". Katherine Tyson, State Government News, vol.39, no.7, August 1996, p.11. Examines the provisions of legislation exempting qualified state college savings programs from federal income tax.
"Tax Relief for College Funds". Katherine Tyson, State Government News, vol.42, no.4, May 1999, p.13. Discusses the growth of college savings programs and the tax incentives available for those who invest in them.
Related Web Sites:
http://www.collegesavings.org/Default.htm
College Savings Plans Network. The Network is an affiliate of the National Association of State Treasurers. It serves administrators of state college savings plans nationwide by disseminating information and monitoring and advocating for federal legislation that will benefit such programs. This site includes comparative data and contact information for all the state programs, relevant news items, and additional links related to funding college costs.
http://www.highereducation.org/index.html
The National Center for Public Policy in Higher Education. The National Center is a nonprofit, nonpartisan organization, established in 1998, to promote state and federal policies that will improve the affordability and quality of higher education in America. It is funded through a number of foundation grants including grants from the Pew Charitable Trusts and the Ford Foundation.
Clippings:
(Noncirculating; available for use in the library; clippings prior to 1981 are on microfiche)•
College and university finance: 377.2/W7z (WI); 377.2/Z (U.S.)•
Federal aid for higher education: 377.22/Z•
Scholarships and financial aid: 377.25/W7z (WI); 377.25/Z (U.S.)