This sounds like a great deal, but I thought there was no such thing as free money. Whats the catch?
There’s no real catch to the IDA accounts. You will NOT have to repay any of this money to UIDAN – this is not a loan! There are a few requirements for you to participate. You will have to complete money management classes before you can open an account and some training around your asset goal before you can invest in your asset. Also, your savings and the matching dollars you receive can only be used to invest in certain assets.
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