About FMB About First Midwest Tuition Rewards More Ways to Earn Tuition Rewards Points
Can First Midwest Tuition Rewards really be as simple as it sounds? Absolutely . . . but here’s some common questions that may be on your mind anyway, with answers that should put your mind at ease.
Here are some average costs that show the price of college education before applying your Tuition
Rewards points.
Yes. There is absolutely no cost to join the program.
Yes. We encourage parents, grandparents, stepparents, siblings, aunts and uncles, to all join the First Midwest Bank Tuition Rewards program and help earn even more tuition discounts.
Yes. Be sure to discuss financial aid with your financial advisor, high school guidance counselor or prospective college or university. Participating colleges may use Tuition Rewards as part of their standard financial aid packages.
You would stop accumulating new Tuition Rewards
on closed accounts, but the rewards you’ve already earned will remain in your Tuition Rewards account for your use.
Sage Scholars contacts the school directly via e-mail confirming the amount of the Tuition Rewards when
the student is accepted. The student’s available
Tuition Rewards will be allocated equally over the
four years of the student’s college career.
Yes, you can register as many eligible family members as you like.
One point is equal to $1 of tuition savings.
Tuition Rewards points only apply to tuition costs.
Yes, since Tuition Rewards are not actual dollars, but tuition discounts, you are not receiving any income (or money) so they are not taxable.
Participating private colleges and universities are
being added all the time. Your favorite school may
be on the list by the time your child is ready to select
a school. For a complete list of the currently participating colleges and universities, click here.
When the student applies for admission to a participating school, you will submit the student’s Tuition Rewards statement to that school. The Tuition Rewards statement will show the amount of points (some or all of your earned points) that you are assigning to that student. You do this by logging in to your account and going to the “Account Statement” page. If multiple family members have earned Tuition Rewards for the same student, then each person will need to submit their statement to the school.
Each school’s normal admission standards apply.
The First Midwest Tuition Rewards program
reduces the cost of tuition for undergraduate
education of full-time students in participating private colleges and universities, and a student’s choice of majors or fields of study is not limited.
While you may earn fewer points in some calendar years based on lower account balances, once a point is earned, it can’t be lost.
Deciding when to use your points and who to use them for is completely up to you. First Midwest Bank is your trusted financial partner and is dedicated to protecting the privacy of your information. All financial information used to calculate your Tuition Rewards points is completely confidential. For more information on First Midwest’s Privacy Policy, please ask a Personal Banker or
click here.

 

Tuition Rewards is a completely free, unique college tuition savings program offered by First Midwest Bank. Tuition Rewards lets you earn tuition discounts on undergraduate private college or university education.