Chicago, IL (PRWEB) September 19, 2013
Catawba College has awarded its first SAGE Tuition Advantage loans for the Fall 2013 semester.
SAGE Tuition Advantage is an institutional loan program that can be used to increase enrollment, improve retention and reduce discount rates, thus increasing net tuition revenue. When students graduate and make their payments on time, 25% of the original principal balance is forgiven, resulting in a 0% APR financing plan.
This “hybrid” program is a cross between a tuition payment plan and a traditional loan. It is low cost for families, generates cash flow for schools, and is managed by a third party to reduce administrative burden and compliance risk. Colleges make no capital investment and pay no up front costs.
Matt Scotty, President of National Education, says “We are pleased that Catawba College recognizes the benefits of this program. In making these awards to both freshman and upperclassmen, Catawba College is taking advantage of two key attributes of the program – increasing new student enrollment, and improving retention for existing students.”
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.
Catawba College, established in 1851, is the sixth-oldest college in North Carolina. It is a private, coeducational college, affiliated with the United Church of Christ, which has deliberately chosen to remain a four year institution rooted in the liberal arts tradition. Its purpose is to enrich the educational experiences of students and to prepare these students for productive and meaningful lives of purpose following their graduation.
For more information, contact:
Matt Scotty at 800.345.4325 ext 5173, President, National Education Servicing
Ken Bogacki at 800.345.4325 ext 5509, Vice President, National Education Servicing