Asset Building and Child Development: A Policy Model for Inclusive Child Development Accounts

Figure 1.

Flow Chart of the SEED OK Experiment

Source: Adapted from Beverly, Clancy, and Sherraden 2016, 2.

Note: SEED OK = SEED for Oklahoma Kids; OK 529 = Oklahoma 529 College Savings Plan.

^a One mother opted out of the account for her child for religious reasons.

^b Funds are restricted for use on qualified postsecondary educational expenses and are sent directly to educational institutions.

^c Anyone eighteen years or older, regardless of their state residency, can open an OK 529 account.

^d Savings matches are held in SEED OK accounts.

^e Because they did not receive automatically opened accounts, control children do not receive SEED OK account statements, but quarterly OK 529 account statements are sent for all mother-owned accounts.