There are several ways you can save for that day a child is ready to enter freshman year of college. This is a basic list of those widely accept methods. We’ve found after meeting with clients over many years that a plan that can offer savings flexibility, tax deferral or tax free growth and distributions, a choice of child beneficiaries, no IRS penalties, and good for use at most universities or for private education tuition, meals, study materials are the most optimum.
Since these topics can be somewhat lengthy and detailed we have led you to a link for an article that can be best read at your convenience
- Scholarship Tuition Rewards
- An Introduction to 529 Plans
- 529 Plans by State
- College Funding: 5 Ways to Save For College
- World’s Simplest College Cost Calculator
- Financial Aid Calculator
- Coverdell Savings Account
- Uniform Gift To Minor (UGMA) or (UTMA)
What are Scholarship Tuition Rewards?
500-POINT ENROLLMENT BONUSES
Think of Tuition Reward Points as Higher Education Frequent Flyer Miles. As a client of a participating Insurance Professional, you will automatically receive 500 Reward Points ($500 value) for completing your enrollment at www.tuitionrewards.com/universityplus. And, each student whom you enroll will also receive 500 Reward Points ($500 value). Each point is worth $1.00 in scholarship discounts from member colleges.
EARN POINTS TWICE PER YEAR
Each client is awarded semi-annual points based on either eligible assets under management with participating Insurance Professionals or purchases of eligible insurance products. For as little as a dollar a day, choose from: Whole Life, Return of Premium Term, Universal Life, Final Expense, Annuities, Life Insurance etc…
Over 320 colleges to choose from with more schools added every month!
EARN MORE POINTS
Families can earn more Tuition Reward Points by:
Referring a friend to their Insurance Professional (one-time 500-Point Bonus)
Completing an annual review with your Insurance Professional.
Q&A on Scholarship Tuition Rewards
CAN GRANDPARENTS HELP?
Yes. Grandparents, aunts, uncles or other family members can be account holders.
IS MY CHILD GUARANTEED ADMISSION AT PARTICIPATING COLLEGES?
No. A college’s normal admissions standards apply.
CAN WE STILL APPLY FOR FINANCIAL AID?
Yes! Participating colleges may use Tuition Rewards as part of, or separate from, their normal financial aid packages. Tuition Rewards represent the minimum scholarship that a member school will offer.
WHAT IF MY FAVORITE COLLEGE IS NOT ON YOUR LIST?
More colleges are being added monthly. Your favorite may be on the list by the time you select a school. Start earning your Tuition Rewards now!
IS ANY MONEY DEDUCTED FROM MY ASSETS?
No. Reward Points are an extra benefit for being a valued customer. Similar to frequent flyer miles, Reward Points are redeemable in the form of tuition discounts, not cash.
WHAT ELSE SHOULD I KNOW?
Private colleges are a “better buy” than families realize. A UCLA study showed that the 4-year graduation rate from private universities is 67%; from public universities, it’s only 28%!
WHAT’S THE ‘CATCH’?
The “catch” is that our private colleges & universities are looking to recruit more or better students. This program helps member colleges reach their enrollment goals – and you to reach yours!