How does it work?
Once you have enrolled in Tuition Rewards, balances in your SEFCU account (including your Checking, all Savings*, 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, or a minimum of 250 points per quarter, whichever is greater. 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!
Enroll in Tuition Rewards by clicking here or stopping by any SEFCU branch. Once enrolled you can list the names of children or students to whom you'd like to give the points. Students can be your own children, relatives, or friends, but students must be enrolled by the end of their sophomore year of high school. Get started now! The earlier you enroll, the more points you accumulate!
Frequently Asked Questions
Can the points be used at any college? The points you earn can be redeemed at more than 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 hereto enroll and start earning points toward tuition today!
* SEFCU IRA accounts are not counted toward your balance.