Parental Self-Efficacy and Joining a Savings Program for Children's Education

David Okech, Todd D. Little, Trina R. Williams Shanks, Deborah Adams

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


Objectives: Using baseline survey data, the study examined self-efficacy of 381 lower-income parents who had opportunities to build financial assets for their children by opening college savings accounts in a human service agency. Methods: Of the study sample, 62% of the parents decided to open accounts while 38% did not. Structural equation modeling for multiple group models was performed. Results: There were few demographic differences between the groups. The measurement model was invariant across parents who decided or did not decide to open accounts, fitting the data for both account openers and nonopeners, χ2(450, n = 381) = 804.60,p <.001, root mean square error of approximation [RMSEA]=.070(.063-.073), Non-Normed Fit Index [NNFI] = 0.93, Comparative Fit Index [CFI] = 0.93). Conclusions: Results lend some support to institutional perspective on saving. Implications for policy and practice are discussed.

Original languageEnglish
Pages (from-to)442-451
Number of pages10
JournalResearch on Social Work Practice
Issue number4
StatePublished - Jul 2011


  • college account opening
  • institutional supports
  • self-efficacy


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