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Success Starts Early

The path to financial stability starts young – what seems like a small step today could make a measurable, lasting Impact over time.

United Way’s College Savings Account Program helps local families and their children begin saving for their postsecondary educational goals, building the foundation of life-long financial health and increasing the likelihood that more students in our region will pursue a college education.

 

Long-Term Benefits

Children with just $500 or less saved for college are three times more likely to go to college and four times more likely to graduate that those without savings, making the impact of saving young truly life-changing.

College savings accounts have been shown to:

  1. Boost college expectation
  2. Improve college attendance and completion rates
  3. Reduce student loans

Brighter Futures for this Generation and the Next

United Way will match $3 for every $1 saved up to $500 for a total contribution of $500. Participating students will earn $2,000 total for post-secondary education.

By helping local families and their children begin saving early, we’re not only building foundations for life-long financial health, but also increasing the likelihood that more students in our region will pursue a college education.

Program Requirements

  • Live in 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
  • Attend 3 hours of financial literacy – savings, budgeting and credit

QUALIFIED PARTICIPANTS: 

  • Senior in high school
  • Minimum 2.5 GPA
  • Planning to enroll in a 4 year degree program at a college or university

OR

  • Freshman currently enrolled in a 4 year degree program at a college or university

"What does my account cover?"

Qualified Uses of United Way’s College Savings Account:

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

Find out if you're eligible!

Contact Cheryl Mackey at 215-814-6835 or cherylmackey@uesfacts.org or Wanda Hardy at wphardy@financialwellnessinstitute.org to learn more.

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