Option 1 - Annual 5% Match of Retirement Account Balance

To illustrate how the program helps pay for a child or grandchild's college education; assume a 12 year old in a family where the employee has $50,000 in their retirement account, assume an annual contribution of 2,000 into the Plan and a hypothetical 7% investment return.

Age
Retirement Account Balance
5% Reward
SAGE Scholar Balance
(balance does not accrue interest)
Reward for Registering a Student
500
12 $50,000 2,500 3,000
13 $55,500 2,775 5,775
14 $61,385 3,069 8,844
15 $67,682 3,384 12,228
16 $74,420 3,721 15,949
17 $81,629 4,081 20,030
 

In this example, if the child attends a participating SAGE School, the tuition will be reduced by 20,030 Reward Points, with each point being equal to $1. Imagine the benefit when The College Tuition Benefit is offered to the employee with very young children.

Option 2 - Annual 1,000 Tuition Reward Points

To illustrate how the program helps pay for a child or grandchild's college education; assume a 12 year old in a family where the employee works until the child reaches age 18.

Age
Annual Reward
SAGE Scholar Balance
(balance does not accrue interest)
Reward for Registering a Student 1,000
Reward in Student's Name 500
12 1,000 2,500
13 1,000 3,500
14 1,000 4,500
15 1,000 5,500
16 1,000 6,500
17 1,000 7,500
 

In this example, if the child attends a participating SAGE school, the tuition will be reduced by 7,500 Rewards Points, with each point being equal to $1.

Option 3 - The Birthday Plan

To illustrate how the program helps pay for a child or grandchild's college education; assume an employee registers children just before their 3rd, 6th, and 9th birthdays.

Birthday or Rewards
Customer Rewards
Register before
3rd Birthday
Register before
6th Birthday
Register before
9th Birthday
Initial 1,000  
1st - 5th
(500 per year)
  1,500    
6th - 13th
(750 per year)
  6,000 6,000 3,750
14th - 17th
(1,000 per year)
  4,000 4,000 4,000
Total Rewards at College Age 1,000 11,500 10,000 7,500
 

In this example, if the 3 year old attends a participating SAGE school, and the customer pledges their 1,000 Reward Points, the tuition will be reduced by 12,500, with each point being
equal to $1.


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