Researchers from AIR administered a survey to participants of the Keystone Scholars program, a statewide Child Development Account (CDA) program created by the Pennsylvania Treasury Department. The aims of the study were to capture parents’ expectations for their child’s educational future within the first year of their child’s life and to gather information on parents’ financial knowledge, assets, and savings behavior, as well as demographic information. 




In this podcast, CARPE intern Sakshee Chawla interviewed Robert Nathenson, a senior researcher at AIR. He spoke about the research behind Children Development Accounts as a means to save for college and thereby improve outcomes for children, families, and society at large.


This report discusses findings from a survey administered to parents who received a $100 starter deposit for a child development account (CDA). Results indicate CDAs like Keystone Scholars positively affect parental expectations for their children’s future in postsecondary education, which in turn benefits child development and academic performance.


This research brief discusses baseline survey findings from a survey seeking to gain better understanding of parents’ reported expectations and financial plans for their child’s educational future.