Information for Families
The SAGE Scholars Tuition Rewards program is a college saving plan like no other. By enrolling in Tuition Rewards, students will earn guaranteed minimum scholarships at over 320 participating private colleges and universities across America! The scholarships can equal up to one full year's tuition!
Tuition Reward Points accrue like frequent flyer miles and are earned by saving and investing with SAGE's Financial Affiliates, which include 529 plans, banks, brokerage firms, credit unions, employers, mutual funds and diverse financial service companies involved in cash-value insurance products, retirement plans, reverse mortgages and other instruments. What makes Tuition Rewards even more unique is that you do not have to use the investment vehicle that is earning Reward Points to pay for college! How you pay for college is your choice.
Tuition Reward Points typically accrue annually at a rate of 5% (or 2.5% bi-annually or 1.25% quarterly) on the value of eligible assets. For example, if you’ve invested $10,000 with one of SAGE's Financial Affiliates, you will receive 500 Tuition Reward Points annually (assuming no change in asset value); if you invest $20,000, you will earn 1,000 Tuition Reward Points annually. The more you save, and the longer you're associated with our financial affiliates, the more Tuition Reward Points you'll earn!
Each Tuition Reward Point is equal to $1.00 in tuition discounts if the student attends a participating college or university. The accumulated points represent the minimum scholarship (grant or discount - non-loan based financial aid) that the student will receive. Colleges can "stack" [add] or "blend" [include] Tuition Rewards with other institutional scholarships, awards and discounts.
Yes, 20,000 Tuition Reward Points represent a guaranteed minimum $20,000 scholarship* at any of our member schools.
Deadlines: The student enrollment deadline is Aug. 31st of the year that 11th grade begins. Points earned by investors (“sponsors”) must be transferred to student beneficiaries by Aug. 31st of the year that 12th grade begins. To utilize Reward points, families must submit a Rewards statement during the high school senior year to the participating college at time of application.