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IDA Students' Matched Savings Program
CAADC, in partnership with the United Way of Southeast Pennsylvania’s Wachovia Scholarship Program, has a unique opportunity available to qualified students in Delaware County.
The new Individual Development Account (IDA) program is designed to help economically disadvantaged students acquire assets by helping them to establish a pattern of regular saving, participating in financial literacy training and providing an incentive for saving in the form of match money. Individuals can save up to $1,000 for post-secondary education expenses andreceive a match on their savings at a rate of 3:1 (up to $3,000). The saving period is 6 months with a minimum savings requirement of $500 and a maximum of $1,000.
The new Individual Development Account (IDA) program is designed to help economically disadvantaged students acquire assets by helping them to establish a pattern of regular saving, participating in financial literacy training and providing an incentive for saving in the form of match money. Individuals can save up to $1,000 for post-secondary education expenses andreceive a match on their savings at a rate of 3:1 (up to $3,000). The saving period is 6 months with a minimum savings requirement of $500 and a maximum of $1,000.
For more information, please call or visit our Boothwyn office: Boothwyn Office, 1414 Meetinghouse Road, Boothwyn, Pa 19061. Phone: (610) 874-8451
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