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"We're pleased to offer our members an easy and effective way to make quality private college education more affordable," said Ernest Huggard, President and Chief Executive Officer.
DEPTFORD, NJ, January 31, 2020 /24-7PressRelease/ -- As college tuition costs continually rise more quickly than the average wage, student loans are now the nation's highest non-housing debt category, surpassing credit cards, auto loans, and other forms of debt. To help make college more affordable for members and their families, South Jersey Federal Credit Union now offers a Tuition Rewards® program through SAGE Scholars, the nation's largest private college savings and reward program.
When South Jersey Federal Credit Union members enroll in the free Tuition Rewards® program, they receive rewards points totaling five percent of their South Jersey Federal Credit Union deposit account balances each year. Those rewards points, which can be designated for use by children, grandchildren, nieces, nephews, and other relatives, can be used to offset tuition through guaranteed minimum scholarships at a growing network of more than 400 participating private colleges and universities.
"We're pleased to offer our members an easy and effective way to make quality private college education more affordable," said Ernest Huggard, President and Chief Executive Officer of South Jersey Federal Credit Union. "As the only credit union in New Jersey currently offering this program, we're proud of our commitment to providing quality financial solutions."
South Jersey Federal Credit Union members can enroll in the Tuition Rewards® program at southjerseyfcu.com/tuitionrewards. Non-members who are interested in joining South Jersey Federal Credit Union to take advantage of this and other benefits can learn more by visiting southjerseyfcu.com, calling (800) 582-7640, or visiting one of the credit union's branches.
Originally chartered and established in 1940 as Industrial Union of Marine and Shipbuilding Workers of America Federal Credit Union, South Jersey Federal Credit Union now operates nine full-service locations in Southern New Jersey and Pennsylvania and serves 54,000 members and 700 employee groups. The credit union offers an array of financial products and services, including checking and savings accounts, personal and home loans, credit cards, and business banking services. For more information about South Jersey Federal Credit Union, visit southjerseyfcu.com.
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