The University of Arkansas has teamed up with the Economic Opportunity Agency of Washington County (EOA) and Winthrop Rockefeller Foundation to conduct a Youth Individual Development Account (IDA) Savings program for rising high school seniors in Washington County.
IDAs are asset-building matched savings accounts that help low- and moderate-income individuals save for future use, in this case post-secondary education costs.
Selected applicants who meet eligibility guidelines (parents with incomes at or below 200-percent of the poverty guidelines) will have an opportunity to participate in the program, and will receive financial education training along with matched savings up to $1000 to spend toward college or job training after graduation.
Participants selected will also receive support and planning assistance from the program coordinators, and will have an opportunity to save for education while learning valuable financial skills.
Rising seniors at Fayetteville East or ALLPS, Springdale or Lincoln High School interested in participating in the program should contact Anna Piazza at [email protected] or visit the Youth IDA Facebook page at facebook.com/YouthIdaProgram for more details.