A. Research conducted by the Center for Social Development at Washington University in St. Louis outlined in, “The Role of Savings and Wealth in Reducing ‘Wilt’ Between Expectations and College Attendance,” found that children with a college savings account are up to seven times more likely to attend college than those without an account .Similarly, a study conducted by the University of Kansas’ School of Social Welfare found that college savings send a strong message to children: “You are a college saver. You are college-bound.” The study also concluded that “Even small accounts, in many cases inadequate to even buy books for a semester, increase perseverance and improve academic preparation.”