Financial Empowerment (MCFE)

CHILDREN’S SAVINGS ACCOUNT

Children’s Savings Account (CSA) initiatives automatically enroll Michigan students into post-secondary education savings accounts. Students engage with accounts through in-school financial education and other activities to connect account ownership with performance and engagement in school. Long-term, CSAs promote academic achievement and college completion. CEDAM supports Michigan-based CSA initiatives through one-on-one technical assistance. To date, more than 12,000 Michigan students have been enrolled in a CSA program!

View our Children’s Savings Account OverviewChildren’s Savings Account Model Components and Prosperity Now’s Investing in Dreams for more information about CSAs.

There are nine CSA initiatives in Michigan:

If your organization is interested in learning more about CSAs, join the Michigan Children’s Savings Account Network. MI CSA Network is a group of community foundations, nonprofits and local governments that meet to discuss the future growth and development of CSA programs in Michigan as well as share knowledge and best practices and receive technical assistance from CEDAM. Joining the Network is free and meetings are quarterly. For more information, please email Brian Rakovitis or call him at 517.485.3588 ext. 1942.

Michigan-based CSAs in the news: