Tuition Rewards

How Tuition Rewards Works

Tuition Rewards is a free college savings program and enrolled First Midwest clients receive "points" based on their banking accounts and services and deposit and loan balances. These Tuition Rewards points can be used to reduce tuition costs at participating colleges and universities.

How Are Points Earned?

It's actually very simple. First Midwest Diamond and Midwest Checking clients can earn an unlimited number of points in the following manner:

  • 500 points for enrolling in Tuition Rewards
  • 100 points for each eligible account or service opened before or after enrollment
  • 5% annually1 of year-to-date average balances in all traditional deposit accounts
  • 5% one-time of the original amount of a new or existing loan2 

Eligible accounts include your First Midwest:

Saving on College Tuition, From Start to Finish

If you haven’t done so already, simply register your Tuition Rewards account and complete the activation process. The deadline to enroll and activate your Tuition Rewards account with SAGE Scholars, Inc. is March 31, 2018.

  • Student Enrollment Deadline – By August 31st of the year that your student begins 11th grade, you must list her as the recipient for your Tuition Rewards points. Don't wait! Enroll your students now.
  • Student Allocation Deadline – By August 31st of the year that your student begins 12th grade, you must allocate your Tuition Rewards points to her. You decide how many points to transfer to each student you're sponsoring. Most account holders transfer all their points to the oldest student. If she doesn't attend a participating college, they transfer the points to the next oldest student.
  • Your student attends a participating college or university, and your Tuition Rewards points are applied and used equally over her 4-year education.

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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