Sun, Aug 20, 2006 - Page 2 News List

Program teaches college students the virtue of saving

SELF-RELIANCE A local foundation said that its program had also inspired students from poor families to study hard and perform volunteer work

CNA , TAIPEI

A local charitable foundation's special program to encourage college students from poor families to be self-reliant has been successful in helping undergraduates manage their personal finances while studying hard and doing volunteer work, a staff member from the Taiwan Fund for Children and Families (TFCF) said.

Under the project, now in its second year, selected college students who have received regular TFCF financial support are required to save between NT$1,000 and NT$4,000 per month and deposit the money in their accounts at a designated bank, according to Ho Chiu-hui (何秋慧), a staff member with the Tainan County branch of TFCF.

Matching savings

At the end of the year, the bank will give each student an amount matching that which they have saved during the course of the year, Ho said.

Since the program was launched last year, many college students from impoverished families have applied to join, according to Ho.

He said that 10 students were selected for the program last year and that seven had been chosen this year.

During the one-year period, each participant has to do 100 hours of volunteer work at the TFCF and attend 40 hours of training courses in financial management and social functions, Ho said.

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