What if someone gave you $3 for every $1 you saved to go to school?!
Sound too good to be true? Well, it’s not!
Through MesaCAN’s Fast Tracking the Dream to College Completion program, you can save money in an Individual Development Account (IDA) and when you are ready to pay for your tuition, books, or supplies, you will have 4 times as much as you put in. (For example, if you save $250, you will have $1,000 to help pay for school.)
How this works:
- save for at least six months before making a purchase from your IDA
- save at least $25 of earned income per month
- complete a 3-hour free financial literacy course
You can save up to $1,000 to be matched. If you save the full $1,000, then you will have a total of $4,000 available to spend on tuition, books, and supplies.
Applications are available at MCC’s Center for Community and Civic Engagement on the Dobson & Southern campus.
Funding is limited! Apply today!
If you have any questions please contact: IDA@turnanewleaf.org
*MesaCAN’s Fast Tracking the Dream to College Completion program abides by federal eligibility guidelines. The funding is restricted to low- to moderate-wealth individuals and families. After you complete an application, a MesaCAN team member will contact you to verify your eligibility.
Four grants from Assets for Independence (AFI), a program of the U.S. Department of Health and Human Services, fund approximately 50% ($700,000) of costs for MesaCAN’s IDA Program. The remaining 50% ($700,000) is funded through non-Federal sources. Visit the AFI Resource Center website to learn more about the program and about helping families to build assets: http://www.idaresources.acf.hhs.gov/.