Sign the Letter of Support
The MinneKIDS Act (HF 2908 / SF3120) Act is a bill that would allow the state of Minnesota to create a 529 college savings program to help children build savings for their future, such as college, technical school, apprenticeships, and more. This vital piece of legislation will make a real difference in the lives of children and families across Minnesota.
You can stand with us by adding your name to our community letter of support. Your signature helps demonstrate the widespread public backing for this crucial bill. It's a simple yet powerful way to make your voice heard – no commitment to join a coalition is required, just a shared belief in the importance of supporting our kids.
Sign on today! You can review the letter below.
Subject: Expressing Strong Support for the MinneKIDS Act (HF 2908 / SF3120)
Dear Esteemed Members of the Legislature,
We, the undersigned community members of Minnesota are writing to express our enthusiastic support for the MinneKIDS Act, House File 2908 (Representative Kotyza-Witthuhn) and Senate File 3120 (Senator Putnam). We believe this vital legislation represents a crucial investment in the future of Minnesota's children and families.
The MinneKIDS Act addresses critical needs within our communities by:
Fostering Financial Literacy: Having their own account provides a hands-on learning experience about saving, budgeting, and the value of money. Children learn about concepts like deposits, withdrawals, and the growth of investments in a practical way.
Building a Savings Habit: Regular contributions, even small ones, instill the discipline of saving. This habit, formed early, can lead to responsible financial behavior throughout their lives.
Preparing for Future Educational Expenses: Child savings accounts, especially 529 plans, can accumulate substantial funds for significant future costs, reducing financial stress for both parents and children down the line. This includes being able to use the funds for college tuition, trade school, apprenticeship programs, and other post-secondary education expenses, as allowed by the law.
Leveraging Compound Interest: The earlier you start, the more time investments have to compound, leading to potentially significant growth over decades.
Promoting Educational Equity: Statewide CSA programs, like MinneKIDS, can help address educational disparities by ensuring every child, regardless of their family's income, starts with a dedicated savings account for their future. Research shows that children with even a small amount saved for college are significantly more likely to attend and graduate.
Fostering a "College-Going Identity": The very existence of a dedicated account for post-secondary education can instill in children the belief that higher education is an achievable goal for them.
As community members, we see firsthand the challenges many families face and the profound impact that supportive policies can have. The MinneKIDS Act offers tangible solutions that will make a real difference in the lives of countless children and their caregivers. It reflects our shared values of compassion, equity, and a commitment to ensuring every child has the opportunity to reach their full potential.
We urge you to champion the MinneKIDS Act and ensure its swift passage in the 2026 legislative session. Your support for this legislation will demonstrate a profound commitment to the well-being of our state's most precious resource: our children.
Thank you for your time and consideration of this critical matter. We look forward to seeing the positive impact of the MinneKIDS Act on Minnesota families.
Sincerely,
Concerned Community Members of Minnesota