City Insight Magazine
Consumer Insight Editor's Picks Education Insight

How to Reduce Costs for College Students and Plan Successfully

Why Sage?

SAGE (Savings And Growth for Education) was developed by educational visionaries, including the former director of admissions and financial aid at the Wharton Graduate School of the University of Pennsylvania by Dr. James Johnston in 1995.

Now, SAGE is the nation’s largest private college savings program, as measured by participants & eligible assets. For example in 2015, participating students submitted rewards points valued at $57.2 million to member colleges, meaning $57.2 million dollars saved off tuition cost! Today more than 390,000 students are now enrolled in Tuition Rewards program. SAGE Tuition Rewards Points represent guaranteed minimum scholarships — discounts on undergraduate tuition starting with the freshman year — provided by member private colleges & universities.The scholarships, based on Tuition Reward points earned, are discounts off the ‘list price’ of tuition — and represent the minimum amount of scholarship that a student would receive at a member school. Many students receive more aid beyond our Reward points – because of ‘merit aid’ or financial need.The maximum award with SAGE per student: Up to one year of tuition FREE!!! 

Public (state) colleges & universities give very limited financial aid that is not based on “need” and are thus not eligible to participate in Tuition Rewards. Also, an important fact is that private colleges have significantly higher 4-year graduation rates than state schools and thus cost less than most people realize (67% graduate in 4 years at a private university, 28% at a public university).

The objective of SAGE is to help individuals and families save & prepare their children, grandchildren, nieces, nephews, etc. for college. That is the bottom line! Our unique reward helps with college selection & funding, and our program resources available to all members such as, the ABC’s to college planning, financial aid 101, student access to member college information, and much more!! Remember, as of Feb. 1, 2016, over 350+ member colleges in 45 states participate in the SAGE Private College & University Enrollment Consortium. Typically, 20 new colleges per year join the consortium. This provides an excellent platform of choice for the parents and students.

So, how do I get started with SAGE and to receive points for these private colleges and universities? Connect with one of many SAGE financial affiliates which includes state 529 college savings plans, banks, credit unions, insurance companies, mutual funds, etc. These financial affiliates will provide Tuition Rewards to Clients based on the value of eligible assets under management or products purchased. For example, Herring Consulting & Financial Group, Inc.(www.HCFGinc.com) specializes in College Education Planning in the States of North & South Carolina with a array of product selection to serve your needs, which costs towards rewards points. Also, you will receive 500 points immediately just for discussing SAGE with a HCFG, Inc. representative.

Contact us today to get started! Call 704-561-7058, email aherring@HCFGsolutions.com or go to Scholarship at www.HCFGinc.com for more information or to get started!

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