I am an existing partner

IDA programs

The Matched College Savings Program is a unique program designed to be incorporated into other similar programs and opportunities already existing on campus. The 5:1 funding match comes from a combined source of federal and state dollars. The federal dollars come from the Assets for Independence Act (AFI) and the state dollars come from the Oregon IDA Tax Credit Initiative.

Because this program requires extensive participation by school staff, it is not the right fit for every school, however, we would love to discuss the options and requirements with you. If you are interested in becoming a member school, please contact the Family Economic Opportunity.

Rebekah Bassett

If you are interested in becoming a member school, please contact the Family Economic Opportunity.

Rebekah Bassett

Family Economic Opportunity Program Director
(503) 537-0319 Ext. 313

Frequently Asked Questions

How does the Matched College Savings Program (MCSP) work?

Eligible students deposit a minimum of $25 per month into their IDA (Individual Development Account), which is a bank account supervised by Casa of Oregon. For every dollar the saver deposits, Casa will match it with five dollars. (Not to exceed $1,600 of savings/$8,000 in match funds.)

What can the IDA funds be used for?

IDA funds may be spent on tuition, books, fees, supplies and equipment at an accredited post-secondary educational institution.

How does MCSP impact my financial aid?

Everyone’s financial aid award is different and so it is important that you talk to your financial aid officer if you have any questions. Your savings is excluded from your financial aid calculation. The match, depending on your school, may impact your financial aid. If it does impact your financial aid, it is likely to lower the amount of loans that you would receive, but will not reduce your Pell Grant or other entitlement grants.

IDA funds cannot be refunded to you like grants or loans, so see if your school can apply your IDA funds to you student account first in case there is remaining grant money to be refunded to you.

Will I be disqualified from the program if my income increases?

No, eligibility is based on your income when you apply.

What bank will my MCSP account be at?

When you apply, you will get to choose a special bank or credit union that has MCSP accounts.

How long do I have to spend my IDA funds?

You will have a maximum of six months after you have met your savings goal to utilize your full savings and match. If you do not use your funds within the timeline granted, you will lose the match money and your savings will be returned to you.

I was able to save a lot of money for my tuition. I hope everyone knows this program to plan for their future.
John SmithCollege Student
I was able to save a lot of money for my tuition. I hope everyone knows this program to plan for their future.
John SmithCollege Student
I was able to save a lot of money for my tuition. I hope everyone knows this program to plan for their future.
AntonioCollege Student

About the Oregon IDA Initiative

The Oregon Individual Development Account Initiative invests in the personal and financial growth of individuals to build strong communities throughout Oregon. The Initiative was created in 1999 by the Oregon State Legislature to bring state agencies, private non-profit and tribal partners, and private contributors together to create opportunity in Oregon. Today, the Initiative is composed of the State of Oregon, under the leadership of Oregon Housing and Community Services Department and the Oregon Department of Revenue, and a host of private partners and contributors working together to help Oregonians achieve their dreams. The Initiative is managed by Neighborhood Partnerships.

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