08.15.19
School savings accounts can dry up in ‘financial deserts’: College savings programs are less effective in neighborhoods lacking traditional banks, professor says
Children’s savings accounts (CSAs), offered by elementary schools throughout San Francisco and in schools across the nation, were introduced to boost college-going rates, limit student debt and foster equal opportunity for low-income children. However, San Francisco State University Assistant Professor of Management Ian Dunham finds that geography — particularly in neighborhoods that lack brick-and-mortar banks
