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Raise Texas

Policy

Access to Education Policy- Financial Education and Financial Products

In the 2014 CFED Assets & Opportunity Scorecard, Texas received a “C” in Education. In fact, Texas ranks in the bottom tier for high school degree attainment and Head Start coverage. The Expanding Access to Education campaign’s primary goal is to build support for policies and programs that facilitate broader access to post-secondary education and training, including college savings accounts, affordable student loans, workforce development, student support services, and enhanced financial aid resources and outreach. More broadly, this campaign will seek to identify initiatives to facilitate more high school and college degree completion.

Goals for this campaign are:

  • Our immediate short-term goal is to secure (private and public) funding for Children’s Savings Accounts (CSAs).
  • Our long-term goal is to reduce the leaky pipeline from 9th grade to post-secondary graduation.

Bills Introduced During the 84th Legislative Session:

HB 1626 Rep. Johnson
Relating to the designation of certain areas of banking development districts to encourage the establishment of financial institution branches in those areas.

Signed into law by the Governor on June 19, 2015. 

SB 1664 Sen. Perry
Relating to the establishment of the Texas Achieving a Better Life Experience (ABLE) Program; authorizing the imposition of fees.

Signed into law by the Governor on June 19, 2015. 

HB 3766 Rep. Burkett
Relating to the establishment of the Texas Achieving a Better Life Experience (ABLE) Program; authorizing the imposition of fees.

Referred to Human Services Committee on March 23, 2015.

HB 3703 Rep. Lucio III
Relating to the establishment of the Texas Achieving a Better Life Experience (ABLE) Program; authorizing the imposition of fees.

Referred to Human Services Committee March 19, 2015.

SB 1141 Sen. Watson
Relating to the establishment and administration of the qualified ABLE program; granting authority to impose a fee.

Referred to Business & Commerce Committee on March 17, 2015.

HB 2542 Rep. Gonzalez
Relating to the establishment and administration of the qualified ABLE program; granting authority to impose a fee.

Referred to Human Services Committee March 16, 2015.

HB 980 Rep. Hernandez
Relating to a personal financial literacy component in a statistics course offered for public high school graduation.

Referred to Public Education Committee on March 2, 2015.

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