How does it work?
Parents can enroll their child for the Tuition Rewards program by the end of his or her sophomore year of high school by clicking here or stopping by any SEFCU branch. The earlier you enroll, the more points you accumulate!
Once your child is enrolled, balances in your SEFCU account (including your checking, all savings* accounts, and share certificates) will be added together. Each quarter you will receive “points” to use toward tuition which equal 1.25% of your asset balance. Each point equals $1 that can be used to pay for college tuition (room and board is not included). If you want to earn even more, have other family members sign up. Grandparents, aunts, and uncles can also have their account balances count toward the number of points you earn!
Frequently Asked Questions
Can the points be used at any college? The points you earn can be redeemed at over 285 private colleges across the country, and the list is growing. To see what schools accept Tuition Rewards points, click here.
How will this affect financial aid? The Tuition Rewards program is completely separate from your financial aid package and won’t affect the amount your family is eligible for. It also has no impact on your student’s eligibility for scholarships, so encourage them to apply!
Can we lose points? Once your balance has been calculated, you can’t lose points unless you close your SEFCU account, or cash them in toward tuition costs. Even if your son or daughter decides to attend a college or university that doesn’t accept the points toward tuition, they can be transferred to another child in your immediate family, or to a niece or nephew.
Get started! Click here to enroll your son or daughter (up to sophomores in high school) and start earning points toward tuition today!
* SEFCU IRA accounts are not counted toward your balance.