Frequently Asked Questions

Here you'll find answers to the most frequently asked questions about Tuition Rewards . . .

Can my child still receive financial aid as a member of the Tuition Rewards program?

Yes. Be sure to discuss financial aid with your financial advisor, high school guidance counselor or prospective college or university. Participating colleges may use Tuition Rewards as part of their standard financial aid packages.

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What happens to my Tuition Rewards points if I close my First Midwest accounts?

You would stop accumulating new Tuition Rewards on closed accounts, but the rewards you’ve already earned will remain in your Tuition Rewards account for your use.

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How much is one Tuition Rewards point worth?

One point is equal to $1 of tuition savings.

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Are Tuition Rewards tax-free?

Yes, since Tuition Rewards are not actual dollars, but tuition discounts, you are not receiving any income (or money) so they are not taxable.

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What schools participate in Tuition Rewards?

Click here to view a complete list of participating private colleges and universities.

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How do the schools know I have Tuition Rewards when my student applies for admission?

When the student applies for admission to a participating school, you will submit the student’s Tuition Rewards statement to that school. The Tuition Rewards statement will show the amount of points (some or all of your earned points) that you are assigning to that student. You do this by logging in to your account and going to the “Account Statement” page. If multiple family members have earned Tuition Rewards for the same student, then each person will need to submit their statement to the school.

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How are my Tuition Rewards applied to my student's tuition costs?

Sage Scholars contacts the school directly via e-mail confirming the amount of the Tuition Rewards when the student is accepted. The student’s available Tuition Rewards will be allocated equally over the four years of the student’s college career.

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Can I use Tuition Rewards for room and board, books, or other school supplies?

Tuition Rewards points only apply to tuition costs.

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Will Tuition Rewards guarantee my child admission at a participating school?

Each school's normal admission standards apply.

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Tuition Rewards
Information Center

Use these links to to manage your Tuition Rewards account, offered through SAGE Scholars, Inc.

Need Assistance?

Phone: 877-564-9930
(Monday through Friday from 8:00am – 4:00pm EST)

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