Tomorrow Savings Account
The Tomorrow Savings Account: Investing in Literacy and Responsibility
Building on the proven success as part of Santiago’s "Today’s Tomorrow" Program, where students successfully converted their hard work into real-world savings upon graduation, FOHY will continue and expand the Tomorrow Savings Account.
This initiative is designed to do more than just provide financial aid—it is a tool to cultivate lifelong habits of personal responsibility, financial literacy, and a passion for learning.
How It Works: Learning That Pays
Through this program, students earn virtual savings by reaching educational milestones, such as reading books and maintaining high academic grades. We believe that by incentivizing these habits today, we are preparing students for a more stable and successful tomorrow.
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Savings are generated through consistent reading and academic excellence.
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To reward long-term commitment, the account balance benefits from a 12% annual interest rate until the student reaches age 18.
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At age 18, the virtual balance is converted into a scholarship and transferred to a real-world account at Banco de Occidente in the student’s name to support their continued education.
Program Rules & Governance
Through this program, students earn virtual savings by reaching educational milestones, such as reading books and maintaining high academic grades. We believe that by incentivizing these habits today, we are preparing students for a more stable and successful tomorrow.To ensure these funds serve their primary purpose—the student's future—the following guidelines apply:
Maturity at 18: Funds are fully accessible once the account holder reaches 18 years of age.
Educational Exceptions: Students may make an early withdrawal specifically for school supplies or uniforms. This requires written permission from the student’s parents and FOHY in Oregon.
Long-Term Management: The core purpose of the program is to educate students on how to manage money responsibly over a long period.