Free College Scholarship
USA Investment Solutions is proud to be part of a free scholarship Program that can help families pay for the College of their children or grandchildren. Through this program, nearly 500 private colleges and universities, an impressive 90% of which have earned the coveted “America’s Best” ranking by U.S. News and World Report. Join us in shaping a brighter future for aspiring students. Saving for college is one of the biggest challenges families face today. The free scholarship program reduces financial stress and provides a simple and effective way for your family to send a child or loved one to college.
How it works
Free scholarship Program, which are similar to frequent flyer miles, help to bridge the gap between students who want a high-quality private college education, but don’t think they can afford one, and over 455 private colleges and universities in 46 states.
A student’s Scholarship Reward Points represent the guaranteed minimum amount of institutional financial aid (scholarships or institutional grants) that a Participating College will award to the student. The student may receive more financial aid than the reward points represent, but he or she is guaranteed not to receive less! For example, if you redeem 30,000 points for a student, the student is guaranteed to receive at least $30,000 in financial aid divided equally over a projected four years of undergraduate education (can be over five years if the student is in a co-op program)
How to earn points
Families can earn points by purchasing eligible insurance or annuity products, keeping the policy in force, referring friends, or completing an annual review with us. There is no requirement for the value of the products. For as little as a dollar a day, you can be qualified for the program.
Sample Case Study
Female, age 45, who purchased a free (return of premium) term policy from us for $1,437 a year for a $250,000 death benefit.
She would get 5,000 points in year 1, then 2000 points extra annually. After 20 years, she would earn 43,000 points in total. In addition, as it’s this policy is the return of premium, she would get all of her paid premium of $28,750 back. She would have $71,750 in funds available to give to her children for college education! Especially, as she would get back every penny she paid in the policy, her family would be also protected for $250,000 for free if something were to happen to her during the 20 years.
We can’t afford Private College
Don’t let the list price of tuition scare you away from considering a private college education — it may actually end up costing less than a state school. 64% of students at a private college graduate in 4 years vs. 37% at public universities, saving a lot of time and money. Delaying graduating one or more years in College would cost students much more for the tuition and money they would have earned for a job after graduation.
You wouldn’t buy a house or car based solely on the list price. You’d look at the quality and the fit, right? Likewise, smart families aren’t intimidated by list prices. When you determine what represents quality in a college education, there are numerous factors vital to consider besides cost. And, when you do look at cost, be aware that the list price numbers don’t always paint a realistic picture.
More Questions & Answers
Q: Will my Reward points ever expire?
A: No, Reward points do not expire.
Q: Can Grandparents or other family member help?
A: Yes. Grandparents, aunts, uncles or other family members can be account holders.
Q: Is there a maximum number of students I can sponsor?
A: No, as long as the children you are sponsoring are in your immediate or extended family, there is no limit on the number of children that you can sponsor.
Q: Do I have to allocate the Rewards Points to my students equally?
A: No, it is up to you to decide how you want to give your Reward Points to the students you sponsor. We recommend that sponsors allocate Points to the oldest child first; if he or she doesn’t attend a member college, transfer the Points to the next-oldest child in your family.
Q: Can I give my Reward Points to my church/school/employer or other family?
A: No, the Rewards Points can only be used by the children, grandchildren, nieces, and nephews whom you sponsor in the program. If an older beneficiary doesn’t use his or her Tuition Reward points, you may transfer the points that are not student-specific (for example, non-bonus points) to a younger enrolled student. You cannot give unused Rewards Points to another parent or organization.
Q: Is my child guaranteed admission at participating colleges?
A: No. A college’s normal admissions standards apply.
Q: Can we still apply for financial aid?
A: Yes! Participating colleges may use Reward points as part of, or separate from, their normal financial aid packages. The Rewards points represent the minimum scholarship that a member school will offer.
Q: What if my favorite college is not on your list?
A: More colleges are being added monthly. Your favorite may be on the list by the time you select a school for your kids. Start earning your Reward points now!
Q: Is any money deducted from my assets?
A: No. Reward Points are an extra benefit for being a valued customer. Similar to frequent flyer miles, Reward Points are redeemable in the form of tuition discounts, not cash.
Q: What if I can't use my Rewards Points?
A: If your intendeded student recipient cannot use the Rewards Points, simply save them or let them continue to accrue and perhaps you can use them in the future with a niece, nephew, or grandchild. If that doesn’t work out, the program is free and has not cost you anything.
Q: What else should i know?
A: Private colleges are a “better buy” than families realize. A UCLA study showed that the 4-year graduation rate from private universities is 67%; from public universities, it’s only 28%!
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