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Page count: 6

In this paper, the authors reviewed frequently asked questions they encountered from higher education professionals about IDAs. Here, they provide answers to the following questions: (1) What is an IDA?; (2) Who funds an IDA?; (3) Are IDAs just about money?; (4) Why haven't I heard of an IDA?; (5) There are scholarships to cover low-income student expenses, so why are IDAs necessary?; (6) Won't low-income students be penalized if they save for college because they will receive less financial aid?; (7) Are low-income people capable of saving? How much can they actually save for education?; (8) How much can IDAs actually help students get for education?; (9) Why should special funding and initiatives for low-income students exist? Exactly what is the income of these students?; (10) Why are IDAs an important tool to help low-income students? TRIO programs are already offered. (11) What benefits are there to accepting students who have been saving for an IDA?; (12) What are the financial implications to my postsecondary institution for partnering to offer IDAs? What if I want to offer an IDA out of our institution?; (13) What exactly are the component parts of administering an IDA? In which areas can postsecondary institutions help most?; (14) I think IDAs would be a great tool for our school. What can I do?; and (15) Do you have any examples of current partnerships between postsecondary institutions and nonprofits?