Prepare Your Child For Their Education After High School
Children’s savings accounts (CSAs) can greatly increase the prospects that children will attend college.
What is a CSA program?
- The program establishes a bank account in the name of the participating child. A custodian organization controls the account.
- The program matches the family’s deposits at a stated ratio and within limits. (THA’s program for elementary school children will do this. Its program for middle and high school students will link program deposits to academic achievement.)
- The program limits withdrawals.
- The account balance is available only for specific purposes, generally education related.
- CSA programs often offer related services, such as financial literacy courses.
CSAs can serve four purposes:
- First, they help a child and a family save for college.
- Second, they help them get used to saving.
- Third, they can ease an unbanked family into mainstream financial services.
- Fourth, they allow a child and a family to think more positively about their future.
This program helps parents start saving for their child’s education after high school. The program serves students in grades K-12 and includes both elementary schools and a middle through high school stage.
We have two plans available: