Dear Friend of SAP,
Welcome to the
latest issue of SAP News, the online newsletter of the Choctaw Nation of
Oklahoma (CNO) Scholarship Advisement Program (SAP). SAP News is the
place for the latest information about events and opportunities for CNO
scholars and their parents. |
Need Cash for Education?
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Choctaw Asset Building matched savings program can help. Learn more at free online webinar on January 18th
With the cost of post-secondary education increasing, more and more people are having difficulties funding a college  education for themselves or family members. The Choctaw Nation of Oklahoma is proud to offer a new matched savings program to help Choctaw Tribal Members with the increased costs of education.
You are invited to attend a 30-minute online webinar on Tuesday, January 18th at 1:30 pm (CST) to learn more about the Choctaw Asset Building Program.
Eligibility for the Choctaw Asset Building program is limited to Choctaw Tribal members living in Oklahoma and 10 counties surrounding Oklahoma.
In Arkansas: Little River, Polk, Scott, Sebatien, and Sevier counties.
In Texas: Bowie, Fanin, Grayson, Lmar and Red River counties.
The Choctaw Asset Building Program (CAB) provides the following: - Financial independence
- Financial literacy
- Matching funds (Individual Development Accounts-IDA)
IDAs are matched savings accounts that are designed to encourage regular savings habits and investments (such as education) that increase in value over time. Account holders save a minimum of $25 of their earnings each month for 6-36 months. Choctaw Asset Building (CAB) then matches these savings at a rate of $2 of matching funds for every $1 of personal savings for qualified educational expenses.
You must save for at least 6 months in your IDA, and CAB will match your contributions for up to 3 years. Participating IDA savers must attend at least 12 hours of money management training and additional training related to their educational asset. The knowledge and skills you gain will help you use your savings wisely and protect your investment.
You must meet income and other requirements to qualify for the CAB program.
LEARN MORE AT ONLINE WEBINAR
Listen in and ask questions of the CAB Achievement Coach. You will also receive an application for the program.
What: Need Cash for Education? When: January 18, 2011, 1:30 - 2:00 p.m. CST Who: Janie Joplin, CAB Achievement Coach
CLICK HERE to register for the online webinar.
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