![]() ![]() If you don't live in one of the above states, there are still other options to open up a 529 account for your child. States and cities providing free money for college Below, Select looks at the different states offering grants and matching contributions for CSAs and their eligibility criteria. There are only a few states and cities that offer these CSAs, but parents might be surprised to discover they're eligible to receive anywhere from $50 to thousands of dollars. However, some programs, like NYC Kids Rise or Pennsylvania Keystone Scholars will automatically deposit money into an account for your child. Many of the state programs have income and age requirements for eligibility and most states require that parents open an account before they can receive grant money. One ongoing study found that parents who received $1,000 in a CSA had higher expectations for their child to attend college and had been more proactive about preparing for their child's college education by saving more for college or seeking out resources to understand financial aid, says Markoff. Other emerging research on CSAs is promising too. Investing +More All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs Bonds Help for Low Credit Scores +More All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score Taxes +More All Taxes Best Tax Software Best Tax Software for Small Businesses Tax Refunds Small Business +More All Small Business Best Small Business Savings Accounts Best Small Business Checking Accounts Best Credit Cards for Small Business Best Small Business Loans Best Tax Software for Small Business Personal Finance +More All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt Relief Best Mortgages for Average Credit Score.Best Loans to Refinance Credit Card Debt. ![]()
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