Webber International University has become the 394th private college to join the SAGE Scholars Tuition Rewards® Program. More than 500,000 students are now earning (or have earned) Tuition Rewards, making SAGE the largest program in America to encourage private college savings.
11/27/2018 — One of the leading student-centric universities in America, Webber International University, has joined the SAGE Scholars Tuition Rewards® Program.
“We are very pleased that Webber has joined the Tuition Rewards Private College & University Enrollment Consortium,” stated Dr. James Johnston, SAGE’s founder and CEO. “Webber 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 and prepare for college.”
Webber is one of nearly 400 four-year private colleges in 44 states encouraging families to save for college by honoring Tuition Rewards points, similar to frequent flyer miles. Families earn Tuition Rewards through SAGE’s network of financial affiliates. These include the Pennsylvania state 529 savings plans; banks and credit unions; employers, healthcare insurers, marketing organizations; financial planners & advisors; a mutual fund; and, The College Tuition Benefit, which serves 100,000+ employers and other affiliates.
Each year, participating families typically earn Tuition Rewards Points – a fixed amount of points available to all employees of a participating company (or points equal to 5% of eligible assets invested with a SAGE financial affiliate or employer). 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 must submit a rewards statement to the school.
If the student is admitted and matriculates, the participating college or university is committed to giving the student a scholarship at least equal to the size of the Tuition Rewards points – up to a maximum of one full year’s tuition (spread evenly over a projected four years of attendance, starting with the freshman year).
“Our member colleges are working hard to keep higher education affordable for America’s families.” said Dr. Johnston, who founded SAGE Scholars in 1995. “Surpassing milestones such as nearly 400 participating colleges and more than 500,000 participating students and verifies our concept that families can be encouraged to plan and save for their children’s, or grandchildren’s, college education.”
For member colleges, the Tuition Rewards program is a cost-effective way to identify prospective students interested in private colleges. A UCLA study showed that 67% of students enrolled in four-year private universities graduate from the school in four years — versus 28% of students who start at public universities.