<p>Has anyone had experience with a tuition rewards program that is linked to personal investments? Through a retirement investment plan, we accumulated a significant number of points–tuition rewards-- that can be awarded to our kids, grandkids, nieces, nephews. Participating colleges, all private, will award tuition dollars up to the cost of one year of tuition, spread out over four years. Colleges are not obligated to reveal the portion of merit awards linked to this program. But they must offer merit aid at least equal to the amount of one year’s tuition.
Where does the money come from? The financial firm or the college? Does being a Sage Scholar really impact my son’s desirability as a candidate? It seems that it may be helpful if the college gets money and can save a few dollars to award to another student.
I’ve tried to research this program, but haven’t found much helpful information.
Thanks for any insights.</p>