CollegeBound St. Paul is the first college savings account program in the nation where every child born in the city is eligible, most are auto-enrolled, and all participants receives a $50 seed deposit. The program includes “bonuses” for activities such as completing well-child clinic visits and attending financial health programming. Through the program incentive structure, the accounts become a mechanism that can be utilized to support whole families thrive related to a range of issues through increased engagement with city agencies and social support organizations.
