College and University Overview
The Northwest MESA Program is dedicated to helping students save for post-secondary education at school in Oregon, Idaho or Washington. The special matched savings account is matching participant’s savings 3:1 up to $500. The MESA program is built to help mitigate the cost of school and reduce student loan debt while providing tools to increase financial knowledge.
College or University
- Identify staff member as School MESA Contact to be point of contact.
- Promote MESA program to students and community.
- Regular communication between program partners – NWCUF, MCUCD, credit unions and participants.
- Accept application and forward to MCUCD for approval (school not responsible for reviewing applications). School MESA Contact will confirm eligibility of students based on set criteria of household size, income and assets.
Students Accepted into the MESA program
- NWCUF/MCUCD review applications and notify applicant, school and credit union when student accepted into program.
- Participant opens restricted match savings account at a participating credit union – depositing minimum $25/month for at least 6 months.
- All MESA students are required to complete an online financial education program – participants should complete this 1 month prior to savings and match request.
Qualified MESA Withdrawal
- Students must complete all program requirements before they are eligible for savings and match disbursement to the school or bookstore.
- Refer students to credit union to process their qualified withdrawal.
- Qualified withdrawal request submitted to NWCUF/MCUCD for processing. MCUCD verifies participant has completed all requirements before approving a qualified withdrawal.
- Matched dollars will be sent by check or transferred to credit union.
- Credit union processes a check made payable to the school for the total amount requested (savings + match).
School MESA Contact may find advocates for this program in the following offices:
- Financial Aid
- Scholarship / Financial Education
- Student Support / Success
- Admissions and Retention
- TRiO offices
- Military Affair
Target groups on campus also will help advocate the program; i.e. Work Study Students, Pell and other Grant recipients, Faculty and Staff, Department Chairs etc.
Marketing materials will be provided via print, web, applications (iOS and Android), social media posts, etc.