Innovation Profile: IDA Yields as College Loans
Innovative Idea Engineer
Selected in 2009
Email Peter | Visit Peter's Web site
About the Innovation
Peter proposes a student loan vehicle that would be built into an Individual Development Account (IDA) for matched savings. As long as the student saves in the IDA, loan payments would be deferred, and savings matches would help repay the loan.
About the Innovator
Peter is an experienced youth educator and Program Coordinator with a passion for helping people to better their lives. His current position as the youth development coordinator at REACH Community Development Center puts him on the cutting edge of a national movement to create children’s savings and asset-development programs for low-income youth and families.