What Can We Learn from Obama’s Failure to Curb Sec. 529 College Savings Accounts?

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As Justin King has noted, some states including Maine, Rhode Island and Nevada are trying to encourage college attendance by setting up accounts for all children and seeding them with initial deposits (though the $500 per child in Maine seems more encouraging than the $50 in Nevada). Perhaps creating an account in a child’s name will get families thinking about college.