About

CollegeBound Saint Paul is a promise to Saint Paul’s families

The City of Saint Paul is dedicated to investing in the lives of our children. That’s why the community is working together to provide a college savings account with $50 for each child who lives in Saint Paul and is born on or after January 1, 2020.

This new program, CollegeBound Saint Paul, will help provide a pathway to a brighter future for both families and the city. The purpose of the program is to connect families and their children to early childhood resources as well as financial education and tools to be financially healthy.

Children and families will have the opportunity to receive more money in their accounts through bonuses. They can earn bonuses by logging into the Savings Portal for the first time, reaching milestones, participating in early childhood programs, and using financial capability resources provided by the City and community organization partners.

Learn more about how CollegeBound Saint Paul can help your family, how you can earn more in bonuses, and more…

Frequently Asked Questions

How a College Savings Account Program Works

College Savings Accounts (CSAs) are long-term savings accounts that help children save for the future, generally for post-high-school education. This includes four-year colleges and universities, two-year and community colleges, and workforce or vocational training.

OPEN ACCOUNT 
Accounts-opened as early as birth or kindergarten-are seeded with initial deposits.

GROWS SAVINGS 
Accounts grow through family contributions and incentives, such as savings matches.

ATTEND COLLEGE/TRAINING
Savings help pay for postsecondary education.

GRADUATE
Children that have a college savings account that has between $1 and $500 and are from low to moderate income homes are 4x more likely to graduate

Enroll your child in CollegeBound Saint Paul today

Learn more

Family Benefits of College Savings Accounts

Boosts parents’ expectations for their child’s education

Promotes social and emotional development

Improves maternal mental wellbeing

Source: Beverly, S., Clancy, M. & Sherraden, M. Universal Accounts at Birth: Results from SEED for Oklahoma Kids (St. Louis, MO: Center for Social Development, Washington University in St. Louis, 2016).

How Can CollegeBound Saint Paul Strengthen Your Community?

The City of Saint Paul worked closely with college savings accounts experts and created a community-driven, 50-member task force to design CollegeBound Saint Paul over the course of 2018. They had a vision for a great future for Saint Paul. One with a thriving economy and shared prosperity among different communities. Read their report on how CollegeBound Saint Paul could help achieve this vision.

Over 145 Saint Paul residents from a broad range of cultures and experiences helped design the program. CollegeBound Saint Paul will help every child reach their full potential by providing access to financial tools that can help their future. 

Help strengthen your community. Become a CollegeBound Saint Paul Community Partner.

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