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As a business that provides benefits to employees, or as an employer, you know that the rapidly rising costs of higher education are a major concern for your employees. The SAGE Scholars Tuition Rewards program can help. The SAGE Scholars Tuition Rewards Program provides a low cost way for you to include guaranteed college scholarships as part of an employee benefits package. By encouraging families to invest in vehicles such as 401(k)s and IRAs, families can earn guaranteed discounts at SAGE member schools.
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SAGE's Tuition Rewards Program
SAGE's Tuition Rewards program is a college savings and investment plan like no other. Employees of companies who are partnered with SAGE can earn Tuition Rewards on their company provided 401(k) or other retirement savings plans.
Employers who wish to provide the guaranteed scholarship program to their employees do not need to have their benefit plans invested with any of the existing SAGE Financial Partners. As long as their employees are participating in the organization's savings vehicle, they are eligible for the Tuition Rewards Program. The key is that employees can demonstrate that they are growing assets that could be used to pay for college costs.
The program is open to more than just employers too. If your company provides benefit services to other companies, or you are a financial institution that manages 401(k) or other retirement savings plans offered by employees, you too can partner with SAGE to provide the Tuition Rewards Program to your clients and investors.
Tuition Rewards accrue like frequent flyer miles and are based on eligible assets. Each Tuition Rewards point is equal to $1 in scholarships at a SAGE member school and represents the minimum scholarship that a sponsored student will receive if he or she attends a participating college. For example, if a client has $20,000 (no minimum required) in her or her participating 401(k) plan, he or she will receive 1,000 Tuition Rewards Points annually ($20,000 x 5% = 1000).
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401(k) Value |
Tuition Rewards |
| Year 1 |
$50,000 |
2,500 points |
| Year 2 |
$60,000 |
3,000 points |
| Year 3 |
$67,000 |
3,350 points |
| Year 4 |
$75,000 |
3,750 points |
| Total Tuition Rewards : |
12,600 Points |
In the above example, after only four years, this employee would have accrued 12,600 Tuition Rewards Points; which is equivalent to a guaranteed minimum $12,600 scholarship at any of our member colleges and universities. There is no limit on the amount of points that an account holder can earn.
If you would like more information on how the Tuition Rewards program can work with your business, please use the contact form below and a representative will contact you shortly.
 Click here for TuitionRewards.com
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Why SAGE Scholars?
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| Did You Know? |
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Over 104,000 Students are Signed Up for SAGE |
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There are over 3.5 million students at private colleges & universities in America |
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A private education is often less expensive than a public education! |
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Average private school discounts 40% off of its listed tuition price |
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Over 60% of CEOs of Fortune 500 companies graduated from private colleges |
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Over 80% of students at private colleges receive financial aid |
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Families have saved over $75 billion in 529 programs |
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22 of the 33 college-educated Presidents of the United States graduated from private colleges |
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College graduates earn almost $1 million more over their lifetime than non-college graduates |
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Only 28% of students at public universities graduate in four years |
| How it Works |
| What are Tuition Rewards? |
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SAGE Tuition Rewards is a unique private college savings program. Tuition Rewards Points are like frequent flyer miles - but for college tuition!
Tuition Rewards are discounts off tuition at participating colleges and universities that represent the minimum scholarship that an eligible student will receive if and when he/she attends a member institution. Schools count Tuition Rewards as part of their normal institutional and merit scholarships. For example, if a student has 10,000 Tuition Rewards Points, then he or she is guaranteed to receive a minimum scholarship of $2,500 per year over four years, at a SAGE member school.
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| Earning Tuition Rewards Points |
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Your Tuition Reward is typically calculated semi-annually and equals 2.5% of the value of your assets listed in the Tuition Rewards (5% annually). As your assets appreciate, so do your Tuition Rewards Points!
Here's an example: if you invest $10,000 with one of SAGE's Financial Partners, and assuming the asset does not increase or decrease in value, then you will earn 500 Tuition Rewards Points annually. If you hold this investment for five years, then you will accumulate 2,500 Tuition Rewards Points. The more you invest with our Financial Partners, and the longer that your are a SAGE member, the more Tuition Rewards Points you'll earn!
To see how earning Tuition Rewards Points can make a private college education a reality, use our Tuition Rewards Calculator.
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Click here read the
complete "How It Works" |
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