Newborns get education college boost

Associated Press

OKLAHOMA CITY-- A study being conducted in Oklahoma aims to determine the educational and economic impact of creating college savings accounts for hundreds of newborn babies.

Under the project, $1,000 is being placed into savings accounts for each of the newborns for future college expenses.

The 7-year study is a collaboration between the state Treasurer's Office and the Center for Social Development at the George Warren Brown School of Social Work at Washington University in St. Louis.

As part of the SEED for Oklahoma Kids project, more than 1,300 newborns were randomly selected to get the $1,000.