If your children do not qualify for this CSA program, you still have options. Washington State offers many other ways to save! Here are some resources:
Washington State College Bound Scholarship Program. The purpose of the program is to provide state funded financial aid to low-income students who may not consider college a possibility because of the cost. Eligibility for the scholarship is a two part process. First, students whose families are income-eligible must submit a complete application during grade 7 or 8, and no later than June 30 of their eighth grade year. Second, students must complete the scholarship pledge requirements and meet income-eligibility guidelines as determined by colleges using data from the student’s FAFSA or WASFA in their senior year of high school.
Guaranteed Education Tuition Program (GET). The GET Program is Washington’s 529 prepaid college tuition plan that helps families with young children save for future higher education expenses. The program is temporarily closed to new enrollments and unit sales in response to the College Affordability Program, which lowered tuition at Washington’s public higher education institutions for the 2015-16 and 2016-17 academic years.
Heritage Bank – Kids Bank Account. Heritage Bank’s Target Bonus Account for kids has no monthly account keeping fees and the ability to earn a bonus interest rate above the normal rate for every month you make at least one deposit and no withdrawals.
BECU- Early Saver Account. Teaching kids how to save is easy with our Early Saver account, designed especially for members age 17 and under. It helps kids learn about saving money, spending responsibly, and how interest rates help them earn even more.
US Bank – Star Savers Club Account. Our savings account for kids grows as your children do. The FDIC-insured Star Savers Club is designed for children 17 and under and helps teach positive money management skills.
Twin Star Credit Union- Dollar Dog Saving Account. Dollar Dog Savings Accounts will begin earning dividends with a $5 savings balance. With every $5 increment deposited thereafter, your child will receive a “Dog Dollar” that may be spent or saved (not to exceed 10 Dog Dollars per visit). You will find a store full of toys at every branch location. Your child may spend the Dollars at the store or choose to save the Dollars for another visit. Financial fitness is even more important for young people in their teens. At age 13, Dollar Dog savings accounts are automatically converted to Outfitters Savings accounts, continuing to earn dividends on balances of $5 or more. You will need to be listed as a joint owner on Financial Outfitters accounts for your children under the age of 18.