AZ Earn to Learn Savings to Scholarship Program Presentation to NAU GEARUP April 30, 2014
Live the Solution Statewide Non-Profit Organization Building brighter financial futures by helping families build assets like homeownership and college. AZ Earn to Learn Program IDA Savings to Scholarship Program In partnership with Arizona’s three state universities www.AZEarntoLearn.org
College degree = Financial Asset = Community & Family Impact What is an IDA? Special matched savings account for low to moderate income household to develop assets, exit the cycle of poverty, and invest in personal success College degree = Financial Asset = Community & Family Impact
Working Together Improving Lives Live the Solution - Personal Finance Training - Enrollment & Eligibility Assessment - IDA Savings Accounts - Success Coaching & Support Partner Universities - College Readiness - 8:1 Match - Coordination with Admissions, Financial Aid, and Advising Arizona High School and Community College Counselors - Student Referrals - Information Center - Student / Parent Bridge - Student Progress /Stats Working Together Improving Lives
How AZ Earn to Learn Helps Students MORE than a scholarship program “My daughter is very motivated to go to college and pursue her education. This program would allow us to help her make her dream a reality.” – Current AZEL Saver's Parent Personal Finance Training 1 on 1 Financial Coaching College Readiness Training Build Savings Skills $4,000 Towards College
Eligibility and Savings Requirements Target Population Age Requirements HH Income < 200% FPL Net Worth < $10K Personal Finance Training University requirements IDA Account Requirements $25 Min. Deposit $83.33 Max Deposit Min. 6 consecutive months savings Custodial Account
Contact Information Kate Hoffman, Executive Director kate@livethesolution.org | 520-260-7369 Danielle Dubien, Program Director danielle@livethesolution.org | 928-606-9030 Amy Schaller, Director of Advancement amy@livethesolution.org | 520-975-3248 AZEarntoLearn.org | LivetheSolution.org facebook.com/LiveTheSolution twitter.com/livethesolution