Four More Private Colleges Join Tuition Rewards Consortium; 116,000 Students Enrolled

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Four more private colleges have joined Tuition Rewards, the nation's largest private college savings program -- which now has 213 participating colleges and universities in 35 states. More than 116,000 students are now enrolled in the SAGE Scholars-sponsored college savings program, which rewards families saivng with participating financial partners with points that can reduce the cost of tuition at participating colleges.

Dr. James B. Johnston, Chairman & CEO of SAGE Scholars today announced that four more colleges have becomes members of the Tuition Rewards enrollment marketing consortium, which now totals 213 private colleges and universities in 35 states.

116,011 students are now enrolled in Tuition Rewards, which rewards families who save for college. When registered students attend one of the participating private four-year colleges, the family's accumulated Tuition Reward points may be redeemed as a scholarship - a non-need based discount -- of up to one full year's tuition.

Families earn Tuition Rewards by saving for college with a variety of financial partners, including the Pennsylvania and Wisconsin state 529 college savings programs, and firms such as Allianz, Allstate, Great American, ING and Wells Fargo. Tuition Rewards is now the largest U.S. private college savings program based on participating students and assets under management.

The newest financial partner is First Midwest Bank, which operates 103 branches in Illinois, Indiana and Iowa. More than 2,400 account-holders have signed up for Tuition Rewards in the partnership's first three weeks.

The new college members are Millsaps College (MS), York College of Pennsylvania, University of the Cumberlands (KY) and Williams Carey University (MS and LA).

Millsaps College is a national liberal arts college which draws 60% of its 1,085 undergraduates from out-of-state. The first school in the state to offer a Phil Beta Kappa chapter, Millsaps is rated a "best buy" and a "best value" by independent college guides. Millsaps offers students a choice of 29 majors and 26 minors. Located in the heart of Jackson, Mississippi's state capital, Millsaps boasts a 1:12 faculty-to-student ratio, with an average class size of 15. Founded in 1890, Millsaps has already raised $100 million toward a capital campaign goal of $160 million -- dedicated to increased student scholarships, faculty resources, innovative programs and enhanced facilities. Millsaps is the 11th SAGE member college to be featured in Loren Pope's acclaimed book, Colleges That Change Lives.

York College of Pennsylvania, one of Pennsylvania's most affordable colleges, is the 42nd Pennsylvania private college or university to participate. York's 4,600 full-time undergraduate students hail from 30 states and 38 countries. Located on an 155-acre campus one hour north of Baltimore, MD, York offers an average class size of 21. Although committed to "cost containment," all classes are taught by professors, not grad students or teaching assistants. The school's professors rank in the 90th salary percentile nationally. Barron's rates York College a "best buy." Founded in 1787, York maintains an alcohol-free, drug-free, smoke-free campus and offers 80 active student clubs and organizations.

University of the Cumberlands, offering broad-based liberal arts studies emphasizing service and leadership based on Christian values, is nestled in the Kentucky mountains. The University offers a strong work-study program, with self-help initiatives to keep tuition affordable to students of all income levels. Offering 37 majors and 30 minors to 1,732 undergraduates, the University of the Cumberlands provides pre-professional programs in dentistry, engineering, law, medicine, nursing, optometry, pharmacy, physical therapy and veterinary medicine. Founded in 1889, the school has produced two governors, five military generals, an admiral, five college and university presidents, a Congressman, ministers, missionaries, legislators, judges, medical doctors, attorneys & teachers.

William Carey University, whose 2,600 undergraduates study at three campuses in two states, was founded in 1906 as the Mississippi Women's College. Now coed, the Baptist university was renamed in 2006 in honor of the 18th century Englishman who spent decades performing missionary work in India and earned international recognition as the "founder of modern missions." All three William Carey campuses - in Hattiesburg, Gulfport and New Orleans -- offer a school of nursing. The university also offers schools of arts & letters, business, education, missions & biblical studies, music and natural and behavioral sciences.

A total of 10 colleges and universities have joined the Tuition Rewards consortium in the past 12 weeks.

About SAGE Scholars:
SAGE was founded in 1995 by Dr. James Johnston, the former director of admissions and financial aid at the Wharton Graduate School, University of Pennsylvania. SAGE's Tuition Reward plan is now the largest private college savings program in the U.S. -- based on the number of participating students and assets under management.


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