Information for Students
Are you a high school student thinking about how you and your family are going to pay for your college? If so, we commend you on your responsible thinking! The SAGE Scholars Tuition Rewards program has helped thousands of families to ease the burden of tuition costs for loved ones.
How does it work?
Familes who save or invest with one or more of our financial affiliates, or are employed at one of our employer partners, earn Tuition earn Tuition Reward Points that can be redeemed as guaranteed minimum scholarships at over 320 participating private colleges and universities across America! (1 Point = $1.00). Participating colleges have agreed, contractually, to provide discounts off the "list price" of tuition to participating students for undergraduate study, beginning with the freshman year. Families must submit the Reward Points at time of application.
Which Colleges are Eligible for Tuition Rewards?
Only private colleges that award "non-need" discounts are eligible to join the Tuition Rewards college consortium. State-related colleges -- and approximately 50 "elite" private colleges (Harvard, Notre Dame, Duke) -- cannot participate because they provide financial aid based almost exclusively on "need", as determined by the FAFSA form and related documents (except athletic scholarships, as permitted).
Click here for a list of participating colleges.
Doesn't a Private College Cost More?
Not necessarily. A UCLA study found that private universities graduate 67% of entering freshmen in four years; only 27% of entering freshman finish in four years at public universities. The likelihood of graduating in 4 years at a private college is the same as the likelihood of graduating in 6 years at public institutions. Because of this, even though the "list price" of tuition is dissimilar, the cost to attend a private college is often be very similar to a public college. And, financial aid tends to be more generous at private colleges.
Are There Other Reasons to Attend a Private College?
Yes! In 2007-08, private colleges spent about $21,000 on faculty costs per student – versus $10,000 per student at public colleges. This enables private colleges to provide smaller, more engaging classes and more faculty interaction and mentoring. There are more internship, leadership and community service opportunities – and career placement tends to be more effective.
Click here for more information on the Advantages of a Private College (PDF document)
What other materials are available to participating families & students?
If you're registered in Tuition Rewards, log in to your account now for the ABC's of Financial Aid and other information relevant to admissions and for saving for college.
Tell us which private colleges & universities you'd like to see in SAGE