ERIC Number: ED536906
Record Type: Non-Journal
Publication Date: 2008-Apr
Reference Count: 0
Why Should a Postsecondary Institution Consider Partnering to Offer an Individual Development Account (IDA)?
Kezar, Adrianna; Frank, Vikki; Lester, Jaime; Yang, Hannah
Center for Higher Education Policy Analysis, University of Southern California
In this paper, the authors reviewed frequently asked questions they encountered from higher education professionals about IDAs. Here, they provide answers to the following questions: (1) What is an IDA?; (2) Who funds an IDA?; (3) Are IDAs just about money?; (4) Why haven't I heard of an IDA?; (5) There are scholarships to cover low-income student expenses, so why are IDAs necessary?; (6) Won't low-income students be penalized if they save for college because they will receive less financial aid?; (7) Are low-income people capable of saving? How much can they actually save for education?; (8) How much can IDAs actually help students get for education?; (9) Why should special funding and initiatives for low-income students exist? Exactly what is the income of these students?; (10) Why are IDAs an important tool to help low-income students? TRIO programs are already offered. (11) What benefits are there to accepting students who have been saving for an IDA?; (12) What are the financial implications to my postsecondary institution for partnering to offer IDAs? What if I want to offer an IDA out of our institution?; (13) What exactly are the component parts of administering an IDA? In which areas can postsecondary institutions help most?; (14) I think IDAs would be a great tool for our school. What can I do?; and (15) Do you have any examples of current partnerships between postsecondary institutions and nonprofits?
Descriptors: Nonprofit Organizations, Scholarships, Low Income Groups, Partnerships in Education, Higher Education, Postsecondary Education, Student Financial Aid, Educational Finance, Tuition
Center for Higher Education Policy Analysis (CHEPA). University of Southern California, Rossier School of Education, 3470 Trousdale Parkway, Waite Phillips Hall 701, Los Angeles, CA 90089-4037. Tel: 213-740-7218; Fax: 213-740-3889; e-mail: email@example.com; Web site: http://www.usc.edu/dept/chepa
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Sponsor: Lumina Foundation for Education
Authoring Institution: University of Southern California, Los Angeles. Center for Higher Education Policy Analysis.