Olivet College Signs On With National Education’s SAGE Tuition Advantage Program

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Olivet College has signed on to offer its students SAGE Tuition Advantage, an attractive 0% APR financing option.

“We look forward to using the SAGE Tuition Advantage product in the coming months. As an extended payment plan, this is a very attractive option for many of our families,” says Bill Kurtz, Senior Vice President and CFO for Olivet College.

Olivet College has signed on to offer its students SAGE Tuition Advantage, an attractive 0% APR financing option.

The SAGE Tuition Advantage program is designed to help participating colleges promote student retention, increase net tuition revenue and lower discount rates.

SAGE Tuition Advantage is an innovative “hybrid” program attractive to colleges because it is low cost for families, generates cash flow for schools and provides third-party loan management, relieving colleges of both administrative burden and compliance risk. Colleges make no capital investment and pay no up-front costs.

“We look forward to using the SAGE Tuition Advantage product in the coming months. As an extended payment plan, this is a very attractive option for many of our families,” says Bill Kurtz, Senior Vice President and CFO for Olivet College.

Matt Scotty, President of National Education, added "In our discussions with Olivet College, their team has shown an excellent awareness of the many variables that affect net tuition revenue. We are happy they have recognized SAGE Tuition Advantage as a tool that will benefit both the college and its students."

The program does NOT affect a college’s current cash flows from other sources, such as loans, federal aid, state aid and direct payment from families.

How much tuition revenue can an institution recapture using SAGE Tuition Advantage? In addition to showing projected revenue that can be recaptured, colleges can see how this revenue equates to the number of full-paying students by visiting the online calculator at:

http://www.sagetuitionadvantage.com/

National Education, established in 1988, is a financial solution company sharply focused on developing, marketing, originating and servicing education financial products. National Education has received the “Exceptional Performer” designation from the U.S. Department of Education.

SAGE Scholars, Inc., established in 1995, has created the nation’s largest private college savings program, with more than 210,000 participating students and 288 participating colleges (45 states). Families who save in programs such as the Pennsylvania and Wisconsin state 529 Plans are rewarded with Tuition Reward Points – similar to frequent flyer miles – that can be redeemed for guaranteed minimum discounts if students are admitted to and attend a member college, beginning with the freshman year.

For more information, contact:
Matt Scotty, President, National Education Servicing, 800.345.4325 ext 5173,
Jeff Hubbard, Senior Vice President, National Education Servicing, 800.345.4325 ext 5601
Dr. Jim Johnston, President, SAGE Scholars, 215.564.9930

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Justine Gianandrea

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