- Associated Press - Wednesday, February 17, 2016

BURLINGTON, Vt. (AP) - Vermont Gov. Peter Shumlin is pushing his idea for child savings accounts for families planning for their kids to go to college.

Shumlin attended an event Tuesday in Burlington to promote an idea he raised in his State of the State address last month: a $250 grant for every child - $500 for low-income children - so their parents can start a college savings plan when the child is born or adopted.

The governor says research has shown that even a modest boost like that can increase the chances that someone from a low-income family will attend college.

And he says the state’s employers say they’re already hurting for college-trained workers - and facing a wave of retirements of college-trained employees that is expected to make the shortage worse.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide