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Assets for Independence 

Program Description and Flyer

Assets for Independence (AFI) is a community-based approach for giving low-income families a hand up out of poverty. Utilizing existing individual and community assets, AFI strengthens communities from within by participants saving earned income through the use of matched savings accounts called Individual Development Accounts (IDAs). The program is designed to assist eligible current or prospective students by helping them to improve their economic situation, providing them with strategies for long-term savings behavior, and helping them to pay for their education or other costs associated with it.All eligible participants will complete financial literacy training (FCS 215 – Personal Finance or Money Smart curriculum) and save $500 over a period of 6 – 18 months from earned income with a minimum deposit of $25 per month. The IDA program can match a student’s savings with $4,000 in grants and scholarship funds after their fulfillment of the program’s commitments.This IDA initiative matches funds at an 8:1 ratio (eight dollars for every dollar saved). Eligible participants will save $500 and earn $4000 in matched funds from the University. These IDA assets are specifically intended to reward the saving practices of eligible participants and invest in their post-secondary education at Delta State University.

The FDIC is committed to ensuring that consumers have access to basic banking and other financial services as well as to developing more and better data about unbanked and under banked households and factors that hinder them from fully utilizing the mainstream financial system. Money Smart is a comprehensive financial education curriculum designed to help low and moderate income individuals outside the financial mainstream enhance their financial skills and create positive banking relationships. The Money Smart modules are: Bank on It, Keep It Safe, Borrowing Basics, Your Credit, Check It Out, Charge It Right, Money Matters, Loan To Own, Pay Yourself First, Your Own Home, and Financial Recovery

Contact Information

David Tanner, AFI Program Coordinator
Center for Community and Economic Development
DSU Box 3134
Cleveland, MS 38733
Phone: 662-846-4808
Fax: 662-846-4372
E-mail: dtanner@deltastate.edu


U.S. Department of Health and Human Services, Administration for Children and Families
Delta State University Alumni Foundation


Renasant Bank