*Tuition Rewards® Points may be redeemed for discounts on undergraduate tuition at nearly 300 participating 4-year private colleges & universities, beginning with the freshman year. Students must be enrolled prior to Sept. 1 of the year that 11th grade begins. Reward points must be submitted to member colleges at time of application. Rewards points are remitted solely as a reduction to the participating college's full tuition bill — NOT awarded in cash. Unused points may be transferred to younger family members.