Rhode Island Higher Education Assistance Authority: CollegeBoundfund Five & Ten Matching Grant Income Guidelines

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Below are the 2008 income guidelines, which are based on family size and income. These guidelines will be used to determine eligibility for contributions made to accounts in 2008.¹

$2 for $1 (up to $500) Contribution Match

Participants eligible for a $2 for $1 match may receive up to $1,000 in matching grants. ²

Adjusted Gross Income of $65,000 or less: If your AGI falls within this range, the Matching Grant Program will match $2 for every $1 you contributed to your child’s CollegeBoundfund account during 2008. Participants eligible for a $2 for $1 match may receive up to $1,000 in matching grant funds for the specified year.

$1 for $1 (up to $500) Contribution Match

Participants eligible for a $1 for $1 match may receive up to $500 in matching grants.²

Adjusted Gross Income of $65,001 to $80,000: If your AGI falls within this range, the Matching Grant Program will match $1 for every $1 you contributed to your child’s CollegeBoundfund account during 2008. Participants eligible for a $1 for $1 match may receive up to $500 in matching grant funds for the specified year.

For the most current income requirement information, please visit the 5&10 Matching Grant Web site at www.FIVE-TEN.org.
Matching grant rates and awards are subject to the availability of funds.
A note about Public Assistance: If you are enrolled in any public assistance programs, it is your responsibility to determine the effect of your CollegeBoundfund account and the matching grant account on your eligibility for public assistance programs. You should consult a qualified advisor to determine how your college savings plan and/or an award may affect eligibility for state and/or federal benefits.

Last Modified: June 18, 2008 02:53:31 PM

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