Pennsylvania is investing in its future by giving every newborn a $100 toward college.

Image by Cari Dobbins from Pixabay

Americans owe $1.4 trillion in college debt. That’s more than they owe on car loans or credit cards.

College debt holds people back from being able to buy a home, start a business or save for retirement. It also means that many new graduates are forced to enter careers they don’t like just to stay afloat.

Many are burdened with massive student loan debt because their parents contributed little to their educational expenses. According to Forbes, 80% of college students get little to no financial assistance from their parents.


While it’s understandable that some parents simply don’t have the means to help their adult children with educational expenses, for others, it’s due to a lack of planning.

via PHENND / Twitter

The state of Pennsylvania is giving parents a head start on saving for college with its new Keystone Scholars program. The Pennsylvania treasury is investing $100 for every baby born or adopted after December 31, 2018 to be used for the child’s future higher education expenses.

All parents have to do is open a PA 529 account to receive the $100 deposit. A 529 account is a great savings tool because it allows people to invest pre-tax money and pull it out tax-free as long as it’s used for educational expenses.

While $100 compounded over 18 years isn’t going to get the kid a free ride to Harvard, setting up the account puts parents in the saving mindset. Parents who receive the $100 initial deposit and then contribute $100 a month over 18 years will hypothetically save $38,000 for college expenses.

These days we are hearing a lot of talk from Washington about possible student loan debt forgiveness or free state college for all. While those potential programs are giving people a lot of hope, it’s best to start saving now because you never know what the future holds.

Most Shared


Climate change is happening because the earth is warming at an accelerated rate, a significant portion of that acceleration is due to human activity, and not taking measures to mitigate it will have disastrous consequences for life as we know it.

In other words: Earth is heating up, it's kinda our fault, and if we don't fix it, we're screwed.

This is the consensus of the vast majority of the world's scientists who study such things for a living. Case closed. End of story.

How do we know this to be true? Because pretty much every reputable scientific organization on the planet has examined and endorsed these conclusions. Thousands of climate studies have been done, and multiple peer-reviewed studies have been done on those studies, showing that somewhere between 84 and 97 percent of active climate science experts support these conclusions. In fact, the majority of those studies put the consensus well above 90%.

Keep Reading Show less
Nature

As a child, Dr. Sangeeta Bhatia's parents didn't ask her what she wanted to be when she grew up. Instead, her father would ask, "Are you going to be a doctor? Are you going to be an engineer? Or are you going to be an entrepreneur?"

Little did he know that she would successfully become all three: an award-winning biomedical and mechanical engineer who performs cutting-edge medical research and has started multiple companies.

Bhatia holds an M.D. from Harvard University, an M.S. in mechanical engineering from MIT, and a PhD in biomedical engineering from MIT. Bhatia, a Wilson professor of engineering at MIT, is currently serving as director of the Marble Center for Cancer Nanomedicine, where she's working on nanotechnology targeting enzymes in cancer cells. This would allow cancer screenings to be done with a simple urine test.

Bhatia owes much of her impressive career to her family. Her parents were refugees who met in graduate school in India; in fact, she says her mom was the first woman to earn an MBA in the country. The couple immigrated to the U.S. in the 1960s, started a family, and worked hard to give their two daughters the best opportunities.

"They made enormous sacrifices to pick a town with great public schools and really push us to excel the whole way," Bhatia says. "They really believed in us, but they expected excellence. The story I like to tell about my dad is like, if you brought home a 96 on a math test, the response would be, 'What'd you get wrong?'"

Keep Reading Show less
Packard Foundation
True

I live in a family with various food intolerances. Thankfully, none of them are super serious, but we are familiar with the challenges of finding alternatives to certain foods, constantly checking labels, and asking restaurants about their ingredients.

In our family, if someone accidentally eats something they shouldn't, it's mainly a bit of inconvenient discomfort. For those with truly life-threatening food allergies, the stakes are much higher.

I can't imagine the ongoing stress of deadly allergy, especially for parents trying to keep their little ones safe.

Keep Reading Show less
popular
Amy Johnson

The first day of school can be both exciting and scary at the same time — especially if it's your first day ever, as was the case for a nervous four-year-old in Wisconsin. But with a little help from a kind bus driver, he was able to get over his fear.

Axel was "super excited" waiting for the bus in Augusta with his mom, Amy Johnson, until it came time to actually get on.

"He was all smiles when he saw me around the corner and I started to slow down and that's when you could see his face start to change," his bus driver, Isabel "Izzy" Lane, told WEAU.

The scared boy wouldn't get on the bus without help from his mom, so she picked him up and carried him aboard, trying to give him a pep talk.

"He started to cling to me and I told him, 'Buddy, you got this and will have so much fun!'" Johnson told Fox 7.

Keep Reading Show less
Most Shared