A Kid's Mindset Is Just As Powerful As Money When It Comes To College
Parents' income is one of the best ways to predict kids' access to college, but helping young people believe they can attend also has a big effect.By Jamal Andress | March 9, 2016
Largely symbolic steps to help children afford college might exponentially increase their chances of actually going.
"A child with as little as $500 in a 529 [plan] is two to three times more likely to go to college than a child without. ... That's not even a semester of books," Sol Anderson said.
Sol Anderson is vice president of LIFT Chicago. LIFT works with parents of young children who are struggling with poverty. One major goal of Anderson's is giving more people access to college.