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Southern Bancorp Community Partners Announces College Completion Matched Savings Program
Helena-West Helena, Ark. – Southern Bancorp Community Partners (SBCP) is proud to announce a new product for non-traditional students in Phillips County. This new offering is available from SBCP’s Individual Development Account program and is part of SBCP’s ongoing effort to improve educational outcomes throughout the community.
The College Completion Matched Savings Program provides a powerful incentive for income eligible, non-traditional students to invest in the lifelong asset of education. The program is operated by SBCP who matches qualifying participants’ savings with $3 for every $1 they save. Once they reach their savings goals and complete financial education classes, participants can use the savings to pay for tuition, books or other school fees.
In addition to being a Phillips County resident, applicants must have earned income. Applicants must be non-traditional students with less than 25 hours, or no more than two semesters, remaining to complete a degree in addition to other criteria.
“The College Completion Matched Savings Program is a great way for Phillips County students to help pay for their college education,” said Mindy Maupin of Southern Bancorp Community Partners, “If you’re willing to work hard to achieve your education goal, Southern Bancorp Community Partners is willing to help you reach it.”
Maupin urged interested students to contact the SBCP office soon as only a limited number of program spaces are available, and they will be filled on a first come first serve basis. Students may inquire about further details of the program by calling 870-816-1104 or emailing email@example.com.
Southern Bancorp Community Partners is a 501(c)(3) nonprofit and certified community development financial institution (CDFI) that seeks to transform rural Southern communities by increasing educational attainment, decreasing unemployment and reducing poverty through comprehensive community development, human development, financial services and public policy change.
On the web at www.southernpartners.org.