College Kids Children's Savings Account Program

A nonprofit organization

$4,090 raised by 34 donors

41% complete

$10,000 Goal

In 2015, the City of St. Louis Treasurer's Office launched our largest and most ambitious financial empowerment program to date, the College Kids Children's Savings Account Program. Every kindergarten student in a public school or charter school in the City of St. Louis receives a savings account with a $50 seed deposit. Families can watch the account grow through incentives such as matched savings, attendance bonuses and parent participation in financial education courses. Research shows that children with college savings are 3x more likely to enroll in college and 4x more likely to graduate from college than children without college savings.  College Kids is dedicated to supporting our students in every way possible, ensuring they have access to great educational and financial experiences. Each month, we focus on crucial aspects of financial literacy: Savings, Budgeting, Credit and Money Management.

Testimonials

We appreciate the opportunity to participate in the College Kids program. It’s truly a vital part in the life of a child. It’s positive, constructive, and a must have for children today.”

- Sharon McLarren, College Kids Parent

Having dedicated my career to coaching youth sports and mentoring at-risk youth, it’s an honor to join the College Kids board, as I know preparing for post-secondary success is critical to preparing our children for the future.”                                                        

 - Ryan Wilson, Saint Louis University

“This program is geared toward prepping children for college and financial literacy, but it’s actually so much more! We have family outings at the ballpark and monthly opportunities with contests to make things challenging and earn money for our college accounts.”

 - Destiny W., College Kids participant

Thanks to the program, our kindergarten students and families have access to a savings account for future educational expenses, and this empowers them for a strong financial future.”                                             

 - Dr. Meghan Hill, Superintendent, St. Louis Language Immersion School

Giving Activity

Mission

The City of St. Louis Treasurer's Office provides college savings accounts to all kindergartners enrolled in a public or charter school within the City of St. Louis. College Kids' mission is to improve college access and attainment among youth, increase assets for low-to moderate-income families living within the city and promote the use of safe and affordable mainstream financial services and products among student and their families.

Organization Data

Summary

Organization name

College Kids Children's Savings Account Program

other names

STL College Kids

Mission/Purpose

Economic/Financial Security, Education - K-12, Education - Higher Ed, Employment & Workforce Development

Operating Budget

Micro: $50,001 - $250,000

Service Area

St Louis City

Audiences Served

Children, Youth, Families

BILPOC Leadership

BILPOC Leadership

Address

1200 Market Street Room 220
St. Louis, MO 63103

Phone

314-314-5845

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