College Saving Account Program (CSA)

Posted by UESF on October 6, 2020

UESF has been in operation for over 35 years, our focus has always been to provide services to Philadelphia residents to keep them stable in housing.

For the College Saving Account Program (CSA) we enroll senior high school or college freshman students to begin saving for postsecondary education goals. Working in collaboration with the United Way of Greater Philadelphia and Southeastern New Jersey (UWGPSNJ), we ask the student and families to save $500 towards the contribution. UWGPSNJ will match $3 for every $1 saved up. Giving the student $1500 in addition to their $500, totaling $2000 total towards tuition and fees, books and supplies or test prep courses (If still in high school).

QUALIFIED USES OF THE COLLEGE SAVINGS ACCOUNT:

• Tuition & Fees required for enrollment or attendance
• Books & Supplies required for courses
• Test Prep courses (if still in high school)

QUALIFIED PARTICIPANTS:

• Senior in high school
• Minimum 2.5 GPA
• Planning to attend a 4 year college or university OR Freshman enrolled in a 4 year degree program at a college or university

PROGRAM REQUIREMENTS:

• Be a resident of Philadelphia, Delaware or Montgomery counties in PA or Atlantic, Burlington, Camden, Cumberland, Cape May counties in NJ
• Have a household net worth of less than $10,000
• Have a household income at or below 350% of the Federal Poverty Level (FPL)
• Attend 3 hours of financial literacy – savings, budgeting and credit
• All savers must make minimum deposits and participate in the program for at least six months before funds will be matched

Learn more here: https://uesfacts.org/our-programs/collegesavingsaccount/

To enroll contact Syreeta Stanley at syreetastanley@uesfacts.org or 215.814.6830.