College scholarship money might be closer than you think - Ahwatukee Foothills News: Profile

College scholarship money might be closer than you think

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Posted: Sunday, September 23, 2012 2:00 pm | Updated: 7:27 am, Mon Dec 16, 2013.

With the cost of a college education escalating, it is important to research your options for helping your children reach their higher education goals.

There is now a unique Tuition Rewards program that will enable families to earn scholarships while funding college costs using life insurance.

Whether it’s parents or grandparents saving for college education, this unique partnership will guarantee scholarships to nearly 300 participating private colleges from Arizona to Maine and Florida to Hawaii.

Earning college scholarship while funding a college savings plan is a unique way to bring together families and colleges.

Clients are eligible to earn Tuition Rewards Points, which are similar to frequent flyer miles and can be redeemed for discounts off the “list price” of tuition.

The discounts are provided by a consortium of participating private colleges as a way to recruit more and better students and represents the minimum scholarship that participating students will receive if, and when, they attend a member school.

The program guarantees that each student will receive a discount equal to his or her accumulated Tuition Rewards Points (1 point = $1) capped at a maximum scholarship of one year’s tuition.

 

• Chamber member Gary DePuydt is owner of The DePuydt Agency. For more information on this program, contact him at (480) 588-8045 or email gary@thedepuydtagency.com.

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