Southern Vermont College Joins SAGE's Tuition Rewards Program
July 20, 2010
Southern Vermont College has joined the SAGE Scholars Tuition Rewards Program. Over 140,000 students nationwide are now earning Tuition Rewards, making SAGE the largest private college savings program in America in terms of the number of participants.
“We are very pleased that Southern Vermont College has joined the Tuition Rewards consortium,” stated Dr. James Johnson, SAGE’s founder and CEO. “Southern Vermont College is an excellent institution, and we hope that its example in joining SAGE will encourage more colleges and universities to do the right thing – which is to urge families to save for college.”
Southern Vermont College is one of 225+ schools in 36 states that honor Tuition Reward points, which are like frequent flyer miles. Families earn Tuition Rewards through SAGE’s network of financial partners, which include the Pennsylvania and Wisconsin state 529 savings plans; several banks; insurance companies such as Allianz, Allstate, American Equity, Asset Marketing Systems, First Midwest Bank, National Scholarship and Benefit Company, and State Employees Federal Credit Union (SEFCU).
Each year, participating families typically earn Tuition Reward Points equal to 5 percent of their eligible assets invested with SAGE’s financial partners. Member colleges are able to recruit participating students when they reach high school age. When a student applies to a member college, the Tuition Rewards account holder submits the Tuition Rewards statement to the school. If the student is admitted and matriculates, the SAGE college or university will give the student a scholarship at least equal to the size of the Tuition Rewards – up to one full year’s tuition (spread over four years).
“Our member colleges are working hard to keep higher education affordable for America’s families,” said Johnson, who founded SAGE Scholars in 1996. For member colleges, the Tuition Rewards program is a cost-effective way to identify prospective students who are actively interested in a private college education. A UCLA study has revealed that 67 percent of students enrolled in private colleges graduate in four years – versus 28 percent of students enrolled in public universities.
Assistant Professor and Chair Scott Stein, MS, The Donald Everett Axinn Division of Social Sciences.