Aspire. Plan. Invest.
Saving for College
Building on its successful first IDA product, Compass launched a college savings initiative as a strategy to promote asset building more broadly for working poor families. Through education and outreach, Compass helps low-income families access 529 college savings plans, which offer an affordable but powerful means to save for college. In addition to helping families save for college, college savings plans have a significant impact on low-income students’ aspirations and expectations about college.
Through partnerships with Fidelity Investments, the Massachusetts Educational Financing Authority (MEFA), and local schools and nonprofit organizations, Compass has opened 147 college savings plans for families.