To apply for an Individual Development Account with PAID, you must meet the following conditions:
* demonstrate the desire and ability to save for long-term goals
* have income less than 200% of the federal poverty level
* have less than $10,000 of equity in assets
* have earned income
What are my responsibilities as a participant?
* set a savings goal of up to $2000 for Post-Secondary Education, a Small Business, or a downpayment for a Home Purchase.
* commit to follow a budget that includes a spending, savings, and debt repayment plan
* make regular savings deposits until you meet your goal
* complete a basic financial literacy course and six hours of asset-specific education
* complete your savings goal
* use your savings to purchase your asset
How can I apply?
Contact the PAID office
