The City of Hartford Treasurer’s Office has reached an agreement that will offer a College Tuition Benefit program to all employees. It will do so in conjunction with Member Services of Connecticut and the SAGE Scholars College Tuition Benefit® to “help address a major source of stress for Connecticut families: the rising cost of higher education. Participants will earn college tuition discounts for their own children, grandchildren, nieces or nephews.”
The maximum benefit is up to one full year of tuition at more than 320 private colleges and universities across 45 states that participate in the SAGE Scholars consortium. Considering the cost of college tuition, this unique program can help families save thousands of dollars – and there is no plan participant cost!
“Aside from purchasing a home, paying for college is probably the greatest single expense that parents encounter,” said Rob Walsh, President of Member Services of Connecticut. “This is an incredible opportunity for City of Hartford employees.” Hartford City Treasurer Adam M. Cloud agreed stating that “By enacting this program, we are providing the employees of the City of Hartford with more affordable college opportunities for their loved ones by providing access to institutions of higher learning at a discounted rate, while strengthening their retirement security.” Cloud highlighted the fact that this enhancement would not result in any additional expense to the City and closed by saying: “I would like to thank the Pension Commission for its continued leadership in enhancing the welfare of the City’s employees by adopting this voluntary program.”
More than 295,000 students nationally are enrolled in the SAGE Scholars Tuition Rewards program, which began in 1997. 25 New England independent colleges participate in the SAGE Enrollment Consortium, including Univ. of Bridgeport, Univ. of St. Josephs, Mitchell College, Post University, Clark University and Rensselaer Polytechnic Institute. For a full listing of colleges please visit www.CollegeTuitionBenefit.com