American RadioWorks |
Josipa Roksa and Richard Arum, co-authors of Aspiring Adults Adrift. (Photo:  Social Science Research Council)

Ed researchers: Colleges can do more for students, especially in a bad economy

College is worth the investment. College graduates can’t find good jobs. Student loan debt keeps rising, and now tops a trillion dollars. What can be done?

Recent Posts

  • 09.17.14

    A company short on skilled workers creates its own college-degree program

    At a Toyota plant in Kentucky, young people are learning how to fix robots, earning associate's degrees and graduating with jobs that pay up to $80,000 a year.
  • 09.11.14

    A 21st-century vocational high school

    For years, vocational education was seen as a lesser form of schooling, tracking some kids into programs that ended up limiting their future opportunities. Today, in the nation's best vocational programs, things are different.
  • 09.10.14

    Career academies: A new twist on vocational ed

    Across the country, thousands of high schools are transforming into career academies. The idea is that students will be more engaged if they see how academics are connected to the world of work. And they’ll be more likely to get the postsecondary schooling they need to support themselves in today’s economy.
  • 09.09.14

    The troubled history of vocational education

    Vocational education was once used to track low-income students off to work while wealthier kids went to college. But advocates for today's career and technical education say things have changed, and graduates of vocational programs may have the advantage over graduates of traditional high schools.


in collaboration with Spotlight on Poverty and Opportunity

Allow people on government assistance to build assets

File under: personalfinance

5 (2 votes)

From: Jo Ann T., St. Paul, MN

Many who are experiencing poverty are excluded from being able to build assets, such as savings accounts, vehicles, burial plots, life insurance policies, stocks and bonds. Those who rely on government assistance in the form of medical assistance, Temporary Assistance for Needy Families (TANF), Minnesota Family Investment Program (MFIP), food stamps, Social Security or Social Security Disability Insurance (SSDI) are not allowed to build any type of nest egg for themselves. If a participant in any of these programs has an asset over the amount allowed, they must first "spend it down," in other words, sell it and live off the money before they can become eligible for the program.

I train low-income community members in becoming leaders in the community, so that they can become change agents in the area of poverty. In a recent class that I was teaching, we discussed building a small nest egg while on Social Security Disability. My students' idea was to allow people to save two times their monthly grant per year. So someone who receives $500 per month could save up to $1000 per year. They could continue to build on this each year, but never exceed more than an additional $1000 per year. My students said the would use these savings to make car repairs or even pay their utility bills after a cold winter.


Comments:

American RadioWorks |
Josipa Roksa and Richard Arum, co-authors of Aspiring Adults Adrift. (Photo:  Social Science Research Council)

Ed researchers: Colleges can do more for students, especially in a bad economy

College is worth the investment. College graduates can’t find good jobs. Student loan debt keeps rising, and now tops a trillion dollars. What can be done?

Recent Posts

  • 09.17.14

    A company short on skilled workers creates its own college-degree program

    At a Toyota plant in Kentucky, young people are learning how to fix robots, earning associate's degrees and graduating with jobs that pay up to $80,000 a year.
  • 09.11.14

    A 21st-century vocational high school

    For years, vocational education was seen as a lesser form of schooling, tracking some kids into programs that ended up limiting their future opportunities. Today, in the nation's best vocational programs, things are different.
  • 09.10.14

    Career academies: A new twist on vocational ed

    Across the country, thousands of high schools are transforming into career academies. The idea is that students will be more engaged if they see how academics are connected to the world of work. And they’ll be more likely to get the postsecondary schooling they need to support themselves in today’s economy.
  • 09.09.14

    The troubled history of vocational education

    Vocational education was once used to track low-income students off to work while wealthier kids went to college. But advocates for today's career and technical education say things have changed, and graduates of vocational programs may have the advantage over graduates of traditional high schools.