Tuition Rewards are NOT awarded in cash. If all requirements have been met, and the student's Rewards were submitted within 10 days of application, you are guaranteeing that the student will be awarded scholarships, grants, or other awards at least equal to the amount of points submitted (1 point = $1, up to the college's stated maximum), divided equally over a projected four (4) years of undergraduate education.
For example, a student with 20,000 points - having met the deadlines - would be guaranteed to receive no less than $5,000 in total scholarships, grants or other discounts, provided by the college or university, for each of the four years he or she would attend. Should the student qualify for more than is guaranteed by the Tuition Rewards, the student will receive the higher amount but cannot receive less.