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Every Colorado newborn baby could soon get $100 for college

"DENVER -- Every newborn baby born in Colorado in 2020 and beyond could soon be entitled to $100 from the state."

 

"That's because state lawmakers gave final approval to HB 1280 on Monday, which allows parents of newborns beginning in 2020 to set up a college savings account with a $100 contribution from Colorado. The contribution will be tax-free."

 

"We are kick-starting their dreams," said Rep. Leslie Herod (D-Denver), a sponsor of the bill in the House. "What we found is that when a young person has $100 and $500 in their savings account, they are much more likely to go to college."

 

 

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