The application period for the new Delaware Aspire529 program, which provides 529 funds for aging adoptive youth out of the system to use for expenses related to furthering their education, ends Friday, July 31.
“Many young adults face many financial hurdles when they first step into the real world,” said Delaware State Treasurer Colleen Davis. “Those who age out of foster care often face additional challenges related to things like housing and healthcare. How to pay for education shouldn’t be an extra burden.
Up to 20 awards are available on a first-come, first-served basis after nominations have been reviewed and approved by the Office of the State Treasurer.
To be eligible, a student must be under the age of 26 and at least 14 years old and currently in the care of the Department of Child, Youth and Family Services; have left DSCYF custody for adoption or guardianship at age 16 or older; or have aged out of foster care in Delaware at the age of 18.
Delaware Aspire529 applications for the current year must be completed and submitted by July 31. Eligibility requirements also require the applicant to be a resident of Delaware and a US citizen, permanent resident, or approved refugee.
Applicants must show proof of enrollment in or attendance at an undergraduate college or trade school. If already enrolled, applicants must be making satisfactory academic or professional progress towards the completion of this program. Proof of enrollment or attendance may be requested from a school’s registrar or administrative offices.
Recipients will also receive two private financial coaching sessions through a partnership with $tand By Me.
To apply, go to de.gov/aspire529.