SEED OK background information
SEED for Oklahoma Kids (SEED OK) is a seven-year initiative designed to test and promote matched savings accounts at birth for all children. The purpose of the SEED OK study is to test the policy concept of universal children’s savings accounts by assessing the impact of giving every child an account at birth. The initiative, which is part of a larger national program known as SEED (Saving for Education, Entrepreneurship, and Downpayment), will set the stage for a broad, national policy for asset building among children, youth, and families. The theory of asset building suggests that accumulating assets or savings within households changes the thinking and outlook within those households, which in turn may lead to more positive outcomes for families, such as an increase in children who obtain college degrees.
What Study Participants Are Saying About SEED for Oklahoma Kids
These quotes may be used for attribution in news stories about the SEED OK study.
SEED for Oklahoma Kids Was Made Possible by the Following Foundations
These quotes may be used for attribution in news stories about the SEED OK study.
More than 1,000 Okla. babies receive $1,000 for college savings
More than 1,000 Oklahoma babies are receiving a $1,000 jumpstart on saving for college thanks to SEED for Oklahoma Kids (SEED OK), a seven-year study designed to determine the economic and educational impact of “seeding” a college savings account for children at birth. SEED OK, announced June 3 by Governor Brad Henry and State Treasurer Scott Meacham, is a collaboration between the Oklahoma State Treasurer and the Center for Social Development (CSD) at the George Warren Brown School of Social Work at Washington University in St. Louis.
SEED for Oklahoma Kids: Demonstrating Child Development Accounts for All Newborns
A goal of the Center for Social Development (CSD) at the George Warren Brown School of Social Work at Washington University in St. Louis is to inform and influence a universal, progressive Child Development Account (CDA) policy in the United States. To reach this goal, CSD and partner organizations conceived and designed the project known as SEED for Oklahoma Kids or “SEED OK”.
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