State Funds College Fund for Every Kid Adopted or Born

Where: Colorado

How much will the state invest per kid born or adopted between 2020 and 2040? $100

The legislation: HB19-1280 (2019 | CO)

Funding mechanisms:

• CollegeInvest, a division within the Department of Higher Education
• no tax dollars
• Before the kid is 5, parents must open their college savings account

Governing | A College Fund for Newborns: Colorado Will Invest $100 in Each

Denver Post | Colorado to set aside $100 for each newborn’s college savings through 2040