College Accounts at Birth: State Efforts Raise New Hopes
Creating and seeding accounts for every newborn is found to have an impact on aspirations as well as savings.
Talasheia Dedmon enrolled her son Braylon in a college savings account through SEED for Oklahoma Kids, an effort to help a new generation climb the educational ladder and build assets. Credit...September Dawn Bottoms for The New York Times
April 27, 2021, 5:00 a.m. ET
Braylon Dedmon was 3 days old when his mother, Talasheia, was offered $1,000 to open a college savings account in his name.
“I was like, ‘What?’” Ms. Dedmon recalled. Her skeptic’s antennae tingled. “I was a little scared.” Was this a scam?