THE FEDERALLY BACKED TRUMP ACCOUNTS, filled with $1,000 seed deposits for eligible newborns and contributions for some older children, may affect how much financial aid students qualify for through need-based scholarships once they enter college. 

Trump Accounts are tax-advantaged investment accounts designed to help children under age 18 build long-term wealth. Family members, employers, nonprofits and government entities can contribute thousands to the money-growing investment accounts.

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