United Way’s College Savings Account Program

Posted by United Way of Greater Philadelphia and Southern New Jersey on November 6, 2018

The path to financial stability starts young

What seems like a small step today could make a measurable, lasting impact over time. United Way of Greater Philadelphia and Southern New Jersey’s (UWGPSNJ) College Savings Account Program helps local families and their children begin saving for their postsecondary educational goals, building the foundation for life-long financial health and increasing the likelihood that more students in our region will pursue a college education.

Save $1,000 for post-secondary education

UWGPSNJ will match $1 for every $1 saved up to $500 for a total contribution of $500. Participating students will earn $1,000 total for post-secondary education.

Qualified Uses of the College Savings Account:

• Tuition and Fees
• Books and Supplies
• College applications (if still in high school)

Program Requirements:

• Live in Philadelphia, Delaware or Montgomery counties
• Junior or Senior in public high school with at least 50% student population enrolled in free or reduced lunch.
• Minimum 2.5 GPA
• Planning to attend a 4 year college or university
• Attend 3 hours of financial literacy – savings, budgeting and credit

OR

• Live in Philadelphia, Delaware or Montgomery counties
• Freshman enrolled in a 4 year degree program at a college or university
• Household income at or below 300% of the Federal Poverty guideline
• Household net worth less than $10,000
• Attend 3 hours of financial literacy – savings, budgeting and credit

Contact Vonetta Robinson at vrobinson@uwgpsnj.org or Wanda Hardy at wphardy@financialwellnessinstitute.org to learn more.