New To College Kids? Start Here.

What is College Kids?

A:

College Kids is an initiative by the City of St. Louis Treasurer’s Office to provide Children’s Savings Accounts for all kindergartners entering St. Louis Public Schools and St. Louis charter schools. Each eligible child starts kindergarten with a savings account at 1st Financial Federal Credit Union that has an initial deposit of $50 and is specifically designed for postsecondary education expenses, such as tuition, books or test fees. 

How does the College Kids account work?

A:

When a child starts kindergarten in the St. Louis Public School District or at a St. Louis charter school, the City Treasurer’s Office sets up a college account for your child with its first deposit: $50 from the College Kids program.

In November 2015, parents and guardians will receive a welcome kit with program information and an account number. Once you receive the account card, the account is active and you can start saving. Current parents can expect to receive their welcome packets before Thanksgiving break.

College Kids will offer incentive programs throughout the life of the accounts. Learn how you and your child can earn them here.

How do I know if my child is participating?

A:

College Kids accounts are currently available for incoming kindergartners for the 2016-2017 school year and first grade students who attended an SLPS or district charter school as kindergartners in 2015-2016.

My child has already entered kindergarten. Can he or she still get a College Kids account?

A:

Unfortunately at this time we do not have the capacity to open accounts for students that entered school before the 2015-2016 kindergarten class. Please see our resources here for more information and ideas on saving for your other children. It’s never too late to get started!

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    Frequently asked questions at St. Louis Office of Financial Empowerment

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