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College Savings For All

College savings accounts for all. A House bill that was approved this week would give each baby born or adopted in the state a college savings account. 

 

The state would start the process with a $50 investment. Rep. Robyn Gabel of Evanston says it might be a good way to get more parents saving and more kids going to college.

 

 

34 other states do something similar. But the plan is not without opposition. Rep. Grant Wehril wonders how the $9 million dollar a year tab would be handled by the state.

 

 

Now the Senate gets its vote on the matter.

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