U-M researcher launches new child savings account program in Lansing

In January, the U-M launched a program that will help Lansing families save for their children’s education.

The first phase of Lansing SAVE (Student Accounts Valuing Education) involves 357 kindergarten students in five Lansing School District elementary schools who will have an MSU Federal Credit Union education savings account opened in their name.

The concept, Child Development Account, allows low-income families to implement positive financial behaviors in childhood that will become beneficial in adulthood.

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