What are the requirements for opening an account?
Both the account owner and beneficiary must be citizens of the United States and/or permanent residents of the United States as defined by the U.S. Citizenship and Immigration Services. Either the account owner or the beneficiary must be a Louisiana resident at the time the account is opened. An initial deposit of $10.00 or more must be made within 180 days after receipt of notification the account has been approved. New account owners using the paper application should send their first deposit with their application.
After the account is established, neither the account owner nor the beneficiary are required to maintain Louisiana residency for continued participation in the program. Accounts may be opened at any time.