C-SC partners with Savings and Growth for Education (SAGE) to help students
Thursday, January 29, 2009
CANTON, MO. – Culver-Stockton College has joined the Savings and Growth for Education (SAGE) enrollment marketing consortium, which helps families afford private colleges. C-SC is one of 227 college and university members of SAGE, and the seventh college to join in the state of Missouri.
Students can earn scholarships at more than 200 private colleges and universities through the SAGE “Scholars Tuition Rewards Program.” Students of families who take part in SAGE can earn “Tuition Rewards” by saving or investing with one or more of SAGE’s financial partners. The program allows families to invest money in an account for the higher education of a student. When money is invested in the student’s account “Tuition Reward Points” are earned and can be used as scholarship money at a member college or university.
"Culver-Stockton has affiliated with SAGE as a way to help future student make attending private college more affordable," said Melik Peter Khoury, C-SC vice president for enrollment management and college marketing. "Significantly more students graduate in just four years at private colleges, avoiding a fifth or sixth year of college-related expenses and entering the job market more quickly. We appreciate being able to work with SAGE to help more students benefit from the private college experience."
The “Tuition Rewards” program is the nation’s largest college savings plan devoted exclusively to private higher education. Each “Tuition Reward Point” is, at a minimum, equal to a one-dollar guaranteed scholarship at any member school. In most cases, students earn the rewards at a rate or 5 percent annually, based on the value of investments.
Students need to be in the program for two years before starting college, to be eligible to receive “Tuition Rewards.” Students can be sponsored for “Tuition Reward Points” from multiple sponsors from the time that they are born until the beginning of their junior year in high school.
More information about SAGE and details about how the savings program operates can be found online at tuitionrewards.com.
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