Matched Savings Program
Students and their families who income-qualify may be eligible to deposit up to $500 into an Earn to Learn FL savings account each year. Their savings are then matched 8:1 by Earn to Learn FL. This brings their total available funds for financial assistance up to $4,500 per academic year. The funds are used for tuition, books, fees and other approved educational related expenses. Earn to Learn FL, in partnership with Florida Prepaid College Foundation, purchases STARS contracts to double the impact of non-government funds available for financial assistance at the 8:1 ratio.
The following infographic is an example and does not reflect all Earn to Learn FL awards:
Our experience and the experience of other Earn to Learn-type programs in the United States show that by combining student savings with the support of financial literacy training, academic and career coaching, and financial aid, low- to moderate-income students will be set up for success in both the short and long term. We are confident that an investment in these students’ academic success will have long-lasting effects on their careers and the rest of their lives.