Need-Based Financial Aid Programs | E3 Savings - Oregon Alliance
E3 Savings, Education, Saving, College, Financial Aid, student support,
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Earn | Educate | Empower

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Earn | Educate | Empower

You’ve worked hard to prepare for college and continue your education. Now, you can use E3 to leverage your earned income and make every dollar go six times further – without taking on additional debt.

E3 info graphics

E3 is not a loan. It is an income and need-based financial aid program. E3 is renewable depending on on-going funding as long as students reapply and remain eligible.

WHAT IS E3?

E3 is an innovative, need-based matched savings program that pairs resources with eligible students pursuing a college education at one of Oregon’s leading private colleges and universities. E3 makes college more affordable by matching savings at a 6:1 ratio, giving students, who have saved $500, up to $3,500 to use for tuition or approved educational expenses per enrollment year!

E3 allows income-eligible students to enroll in college and graduate with less financial stress and more time to focus on academics. By doing so, E3 increases access for Oregon’s students, allowing them to acquire a lifetime asset and change the course of their own future and their family’s future.

Finally, E3’s first tenet – Earn – foregrounds the importance of financial habit building, so that the program can also educate and empower Oregon’s next generation of successful scholars, businesspersons, creators, innovators, and leaders.

E3 is one of three matched savings programs offered by CASA of Oregon on behalf of the Oregon IDA Initiative. E3 was developed in collaboration with The Alliance and member institutions and is funded, in part by The Alliance and its partners. The Oregon IDA Initiative is supported by funding from the Oregon IDA Tax Credit. For more information, go to www.oregonidainitiative.org.

E3 is available to a limited number of eligible students attending or planning to attend a participating Alliance member institution.

Bushnell University*
Corban University*
George Fox University

Lewis & Clark College*
Linfield University*
Pacific University

University of Portland*
Warner Pacific University*
Willamette University*

*Institution is participating in 2023-24 and is accepting applicants

E3 builds on the success of The Alliance’s participation in the Matched College Savings Program (a program of CASA of Oregon). Read what students have to say about E3…

  • "It was such an amazing experience! I have continued my financial education and developing literacy in the area! I am so happy to no longer be intimidated by finances, which was one of my major concerns since becoming an independent youth."

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    "Because of E3, I have had more time to focus on my education. The reduced financial burden has allowed me to dabble in theater, ASB, and clubs and maintain a 4.0 GPA. Without E3, I would not be able to take advantage of all that college has to offer."

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    "I am so blessed by E3! The financial assistance enabled me to attend my first-choice college. I could not be here without E3's help!"

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  • "This program came at a crucial time for me. Entering my senior year, I was facing a lot of stress. One of my primary concerns was paying for my last year of college. Thanks to E3, I had a huge burden removed from my shoulders. Now, I will be the first college graduate in my family."

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    "E3 impacted my education in a significant way. I will go from owing $18,000 upon graduation to owing between $6,000 and $10,000. It is a tremendous relief to be able to finish my degree later in life without racking up a lot of debt."

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    "As I entered my junior year, I was stressed knowing that my out of pocket expense was $9,000. E3 made it possible for me to save and take that large financial burden off my back."

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  • "Because of E3, I have less stress about paying for my second year at the University of Portland. Before E3, I didn't have any savings and I didn't know how to save. Saving is easier than it ever has been for me."

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    "I knew I had to find a way to minimize my college debt. When I found the E3 program, it allowed me an alternative to taking out more loans. I am incredibly grateful that I found this program. Without it I would be incurring much more debt."

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How does it work?

Apply

 An E3 Specialist will contact you regarding eligibility. If you are eligible:

Create a Savings Plan Agreement (we help you!)

 Once you are enrolled:

Complete financial education courses and a Personal Development Plan

Make deposits from earned income, based on your customized Savings Plan

Use your funds to pay for college

The goal is to have students enrolled and graduated from E3 within a 12-month period. To re enroll, they must qualify and re apply each enrollment year. Availability will vary by institution.

Applying Student