UESF launches the College Savings Account Program for high school seniors and first-year college students

PHILADELPHIA, PA (September 24, 2019) – Through a partnership with the United Way of Greater Philadelphia and Southern New Jersey (UGPSNJ), UESF has launched the UESF College Savings Account program to assist high school seniors who plan to attend a 4 year college or university and 1st year college students who are enrolled in a 4 year college or university. The goal of the program is to help students gain financial awareness, incorporate good financial behaviors early, and access postsecondary education by building savings to support their post-secondary goals.

Funded by the United Way and run by UESF, the program will match student savings contributions 3 to 1.  For example, a student contribution of $500 would be matched with $1,500, resulting in $2,000 to be used toward college-related expenses. These expenses could include but not be limited to tuition, SAT/ACT testing, application fees, books, and laptops.

“UESF is fortunate to be able to assist with paying for college and to contribute to the stabilization of families.” John Rowe, UESF Executive Director.

For more information, contact Cheryl Mackey at cherylmackey@uesfacts.org, 215.814.6835 or visit UESF’s website at https://uesfacts.org/our-programs/collegesavingsaccount/

About UESF: Established in 1983 as the City’s go to organization for emergency utility assistance, UESF has since expanded its focus to address the broader housing issues facing low income Philadelphians. Today, UESF manages 11 housing stabilization-focused programs, and serves nearly 7000 families annually with nearly $3 million in housing assistance—to keep families in their homes. 

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