An IDA is a 3:1 match savings account where every dollar saved is matched by three. Up to $3,000 can be matched at $9,000 over a three-year period totaling $12,000 to help cover the cost of college tuition*.
The following criteria must be met to qualify:
- Valid Government issued Oregon ID
- Minimum monthly deposit of $25.00
- Must be 16 years or older to apply
- Earned income required
- Must attend or plan to attend an accredited Oregon institution
- Must meet specific income requirements**
What you need to apply:
- IDA application
- 2 months of current and consecutive paystubs for all income earners in the household
- Current or previous year's tax returns
- Savings Plan Agreement
Steps to do while you are in the program:
- Assest specific training
- Financial education
- Personal development plan
- Withdrawal request forms
- Exit survey when the program is finished
Have more questions or ready to apply?
Contact us at [email protected]
* IDA funds can only be used towards college. **80% Average Median Income (AMI), $20,000 Household net worth, Oregon residents only.
| County |
1-person
family |
2-person
family |
3-person
family |
4-person
family |
5-person
family |
6-person
family |
7-person
family |
8-person
family |
| Marion |
$43,500 |
$49,750 |
$55,950 |
$62,150 |
$67,150 |
$72,100 |
$79,280 |
$88,240 |
| Polk |
$43,500 |
$49,750 |
$55,950 |
$62,150 |
$67,150 |
$72,100 |
$79,280 |
$88,240 |