College Tuition Benefits Reward
COLLEGE TUITION REWARDS PROGRAM
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The College Tuition Benefit
The College Tuition Benefit provides an effective way to help send a child or loved one to college. It works like a scholarship. The SAGE Scholars Tuition Rewards® Points earned each year can be used at any of the more than 450 participating colleges and universities nationwide.1,2 Visit tuitionrewards.com/colleges for a complete list.
Program highlights:
- When you sign up, you earn 2,000 Tuition Rewards Points annually.
- One Tuition Rewards Point is equal to a $1 minimum discount off the full price of tuition.
- In the fourth year, you receive a bonus of 2,500 Tuition Reward Points.3
- Each child you sponsor receives a one-time bonus of 500 Student Tuition Rewards Points.
- You can sponsor your children, grandchildren, nieces, nephews, stepchildren, and godchildren.
Be sure to register the child by August 31 of the year they begin 12th grade. But don’t wait — the sooner you start to participate, the more Tuition Rewards Points you earn!
Log in to register a child today.
Important Deadline
Students must be added to the program by August 24th of the year that the student begins 11th grade. So if you are interested in this free enrollment and the child you wish to enroll will be starting 11th grade this year, you only have a few weeks.
Earn Tuition Rewards®, at no cost, as an Independence Blue Cross subscriber.
As a subscriber of Independence Blue Cross (Independence) you will earn Tuition Rewards that can be used to pay for up to one year’s tuition at a SAGE Scholars’ member college. There are over 350 private colleges and universities across the nation in the SAGE Consortium, and 80 percent of SAGE colleges have received an “America’s Best” ranking by U.S. News and World Report. This value-added benefit is being provided to you by your employer and Independence at no cost to you.
What you can expect from the College Tuition Benefit?
- One Tuition Rewards point = $1 guaranteed minimum reduction in full tuition.
- 2,000 Tuition Rewards points are given to each Independence subscriber when he or she registers an eligible student or students. Subscriber Tuition Rewards can be allocated to any registered child.
- 500 Tuition Rewards points are given to each child registered. Student Tuition Rewards can only be used by the specific student.
- 2,000 additional Tuition Rewards points are given to the subscriber annually in the month following the medical plan’s renewal.
- 2,500 bonus Tuition Rewards® points are given to the subscriber in the month following the health plan’s third renewal (4th year), for a total reward of 4,500 for that year.
| Policy Year |
Subscriber Rewards |
Subscriber’s Rewards Balance (balance does not accrue interest) |
| Initial Registration, Subscriber & Student Rewards |
2,500 (2,000 + 500) |
| 2 |
2,000 |
4,500 |
| 3 |
2,000 |
6,500 |
| 4 |
4,500 |
11,000 |
| 5 |
2,000 |
13,000 |
| 6 |
2,000 |
15,000 |
| 7 |
2,000 |
17,000 |
In this example, if the child attends a participating SAGE Scholars College, the published full price tuition will be reduced by at least $17,000 spread evenly over four years of undergraduate education.
Important Information
- Following enrollment in an Independence health plan, subscribers receive a welcome email. Please check your spam folder.
- The welcome email is notification that an online account is established. Subscribers can log in to see the points posted to their account and add additional students as they wish. If you do not log in to your account in the first six months, your Tuition Rewards points may be reduced.
- Eligible students include children, grandchildren, nieces, nephews, and step children.
- The maximum rewards you can use, per registered student, cannot exceed one year’s tuition at a participating school. Families do not select a college ahead of time.
- Each Tuesday, registered employees receive Market Cap and Gown, an e-newsletter that details events and topics related to college financing, and notifies employees of new colleges in the network.
Deadline Dates
- A child must be registered by August 24 of the year he or she enters the 11th grade in high school.
- The scholarship points are held in the subscriber’s account until transferred to a registered child. When subscribers have a student in 11th grade, they will be emailed and asked if they want to pledge some or all of their Tuition Rewards to the registered student. If they want to use their Tuition Rewards, they must go online before August 24 of the year the student enters 12th grade and transfer Tuition Rewards to that student’s account.
For more info click on the College Tuition Guide.
College tuition guide
