AFI - Summer Savings Reminder:

I just wanted to remind you all that you need to continue working toward your savings goals. Income from summer jobs is a great way to reach your$500 goal.

When you agreed to participate in the AFI program, you completed a savings plan agreement and indicated how much money you would deposit each month, every other month, quarterly, etc. If you do not recall what that amount is, please let me know and I can send you a copy of the agreement. You are required to deposit at least $40 every 6 months or you may be terminated from the program.

Remember, you only have until the end of your junior year to reach your savings goal because your funds are to be used to pay your senior year’s fall or spring tuition costs. (You can use the grant prior to your senior year if you have already reached your savings goal and your account has been open at least 6 months.)

If you are entering your senior year in the fall, you will have to reach your goal by August, if you want to use your AFI funds for fall 2010.

When you are ready to make an asset purchase and liquidate your account so that it may be sent to your school, please follow the directions at this link: http://raceforeducation.org/afi-participant

Please let me know if you have questions.

Have a great summer!

Carly Preston, Student Services Manager

P.s. Here’s a helpful article about saving money: http://moneyfor20s.about.com/od/savingmoney/tp/Savings_Goals.htm

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