The Montana Matched Education Savings Account (MESA) program is helping eligible hardworking students with limited incomes save for college expenses. Participants in the MESA program can earn a ‘savings match’ – which is a promise to supplement a MESA participant’s savings deposit at a specific rate. For example, a 3:1 savings match means that for every dollar a participant saves as part of the program, he or she will be eligible to receive another three dollars. So if you save $500 throughout the course of the program and meet all the other program requirements you will be eligible for $1,500 match to purchase the agreed upon asset. The maximum match that the participant will be eligible to receive is dependent on the particular MESA program they are eligible for. Matched funding may not be used to pay toward student loans or housing.
You May Be Eligible If...
|MESA Program||Savings Goal||Match Rate||Maximum Match|
|Montana GEAR UP||$500||5:1||$2,500|
|Montana State University||$500||3:1||$1,500|
|Montana Tech - Ron Verbeck||$500||5:1||$2,500|
|University of Montana||$500||3:1||$1,500|
Participants are asked to commit to...
Let Us Help You Achieve Your Educational Goals!
For more information visit http://www.montanacreditunions.coop/matched-savings-accounts and find out more on the individual programs listed above.
Montana Credit Unions for Community Development (or MCUCD) is the award-winning, charitable arm of the Montana Credit Union Network. A state-wide nonprofit organization, MCUCD works together with the state's credit unions to improve the lives and financial independence of all Montanans.