Information for Financial Institutions
Your participation in the SAGE Tuition Rewards Program will allow your clients and account holders to receive Tuition Rewards Points - similar to frequent flyer miles - which provide a guaranteed minimum discount off of the "list price" of tuition at over 370 private colleges and universities across the United States, for undergraduate study, starting with the freshman year. Tuition Rewards Points can cover the cost of up to one full year's tuition (spread evenly over 4 years)!
SAGE's Tuition Rewards program is a college savings and investment plan like no other. We've expanded our program so that families can now earn Tuition Rewards on 529 saving plans, CDs, mutual funds, 401(k)s, IRAs, supplemental retirement accounts, annuities, insurance products (with cash value), reverse mortgages, brokerage accounts, certain income-replacement health insurance products, and even home equity lines of credit.
"The program helps differentiate Harleysville Savings Bank in an industry with commoditized products, and it gives customers reason to stay with the bank."
Ron Geib, President
Harleysville Savings Bank (PA)
Tuition Rewards will help you attract new clients -- and help retain existing customers. By being part of SAGE, you'll be able to offer clients an instant Tuition Rewards Bonus when they open their accounts; plus, you are able to give your clients annual Tuition Rewards Points on their qualified assets. These guaranteed scholarships will help to differentiate you from your competition and leverage your products and services.
Tuition Rewards Points accrue like frequent flyer miles. Each Tuition Reward Point is equal to $1.00 in discounts and represents the minimum scholarship that a sponsored student will receive if he or she attends a participating college. For example, if a client saves or invests $50,000 (no minimum required) with your organization, he or she will typically receive 2,500 Tuition Rewards Points ($50,000 x 5% = 2,500) annually; if $100,000 is invested, this will generate 5,000 Tuition Rewards Points annually. The sooner your clients enroll the more Tuition Rewards they can earn.
Recently, thanks to participation in Tuition Rewards, one of our students who would have received no other financial aid received a scholarship in excess of $40,000 (spread over four years) because of our program - quite a savings in after-tax dollars!
Our current financial partners have found that participating in Tuition Rewards provides the following advantages:
How Are Points Awarded?
Bonus Points - Typically, new account-holders and new students earn points upon completion of enrollment and account activation. "Bonus Points" are typically available for referrals or for seminar attendance.
Annual Points - For our varied financial partners, we've evolved three "systems" of awarding points:
The Tuition Rewards Program is available to financial institutions of all sizes. If you would like more information on how the Tuition Rewards program can work with your business, please fill out the information request form below and we will contact you shortly, or call us at 1-888-222-0550 during normal business hours (eastern time).