For Students and Parents

A Matched College Savings Program is a type of Individual Development Account (IDA) that supports students in achieving their post-secondary educational goals and gaining greater financial security.

MCSP requires that students:

  • Save at least $25 each month throughout their participation in the program;
  • Complete at least ten hours of financial education and training specific to their educational level and goals;
  • Create a goal-oriented educational and financial plan.

To qualify, students must:

  • Be enrolled in a partner MCSP school;
  • Reside in Oregon;
  • Come from a household whose net worth is below $10,000, excluding a primary home and vehicle;
  • Be income-eligible, per the table below:

Number of People
in Family/Household

Annual Income Limit

1

$21,660

2

$29,140

3

$36,620

4

$44,100

5

$51,580

6

$59,060

7

$66,540

8

$74,020

For households/families with more than 8 members,
add $7,480 for each additional person.

To learn more, please contact your MCSP Partner School.