SAGE Scholars has $250 in Tuition Rewards� for you to use at 150 colleges nationwide.
SAGE has negotiated reduced tuition at 150 participating private colleges
in 29 states. The $250 in Tuition Rewards� is yours just for creating a
SAGE account, but you can increase your reward based on how long you're
a SAGE member - and, your eligible investments.
Get your $250 in Tuition Rewards� now. (Click the College Parent Magazine link at SAGE to activate your account.)
SAGE Frequently Asked Questions
Are Tuition Rewards applicable to room, board, books, etc?
No. Just tuition.
Are Tuition Rewards taxable?
No. That�s because with a
scholarship or other form of reduced tuition, you�re not receiving
money. You�re paying less for college. Please consult your tax advisor
for more details.
How does participation in Tuition Rewards impact a child�s chances for getting into college?
Tuition
Rewards is not a guarantee for admission into one of the participating
colleges. At the same time, the program in no way limits a student�s
choice of major, field of study, or impact the ability of the family to
apply for financial aid.
I don�t see any colleges my child wants to attend. Don�t
be discouraged. By the time your child is ready to apply to college,
additional schools of interest may very well be members of the network.
What�s more, there is no cost to join the program. The end goal is to
help you become a more disciplined investor towards your college
savings goals.
Why are so many colleges signing up?
Colleges want to
attract more students, or better students, or both. And, they're eager
to attract qualified students who might not be familiar with their
college. Colleges know that the direct costs (professors, teaching
materials, etc.) for additional students are less than the full tuition
for those students. So, by guaranteeing you an additional return on the
dollars you�ve invested, as long as colleges cover their direct costs,
they come out ahead. Colleges and universities participating in the
SAGE network, which powers Tuition Rewards, understand that they need
to remain affordable, and they're eager to reward families who are
truly saving for college.
Why would colleges accept less than full tuition?
Historically,
colleges began offering financial aid on a need-only basis. But lately,
as college costs have soared, financially-squeezed families have been
asked to contribute more and more, tapping hard-earned assets and
taking educational loans.
Many schools now use financial aid as a method to attract quality
students from middle and higher-income families. This aid is being
offered as tuition reductions -- that is, aid not based strictly on
financial need. Knowing this, our partner SAGE has negotiated with
member colleges to automatically present a financial reward to families
who save for college.
