Will these savings affect our family's eligibility for public assistance?

Public assistance includes food stamps, TANF, child care, WIC etc. 

A:

No, your College Kids account will not affect your eligibility because you do not personally hold your savings. All funds are held by the City of St. Louis Treasurer’s Office. However, when your student turns 21 she/he will be fully responsible for the account and at that time the account would be considered as an asset of your child.

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