EDUCATIONAL SAVINGS PLANS (FSM)

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All savings accounts, including educational savings accounts, are considered a countable resource when determining Food Stamp eligibility. See Bank Accounts.

Treatment: Countable Resource

Exception: Tax-preferred Educational Savings Plans, including Section 529 Plans and Coverdell Section 530 Plans, are excluded resources. The applicant or recipient must provide verification of the type of Educational Savings Plan for the resource to be excluded.

References: RSA 161:2, XIII; RSA 161:4-a, IV; RSA 167:4, I(a); RSA 167:7, IV; 7 CFR 273.8(c)(1); 7 USC 2014(g)(2)(B)(v) and (8)(A)