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Tuition Rewards

The Harleysville Bank Tuition Rewards program is a unique reward program that lets you earn rewards points for a student's college or university education, based on your Harleysville Bank assets. Every dollar you deposit into a Harleysville Bank account earns you "points" in your Tuition Rewards account.  Your rewards are calculated semiannually and equal to 5% of the annual value of your Harleysville Bank assets. As your Harleysville Bank deposits grow, so do your Tuition Rewards scholarship points - a discount of up to one full year's tuition per student. Plus, you automatically receive a 1,000-point Tuition Rewards bonus ($1,000 value) upon enrolling in the program.

Tuition Rewards Eligibility

All Harleysville Bank deposit account holders can enroll their children, grandchildren, nieces and nephews in the Tuition Rewards program. All children between birth and prior to Aug. 31 of the year that 11th grade begins are eligible for enrollment. (Note: If your deposit account and/or accounts are jointly owned, the Tuition Rewards account must be set up by the tax owner of the deposit account.)

Using Your Tuition Rewards

Tuition Rewards are scholarship points - not hard cash - and represent the minimum scholarship that a member school will give. Participating private colleges and universities nationwide provide the Tuition Rewards as a discount off the price of full tuition. When the student or students you choose to sponsor are ready for college, their accumulated Tuition Rewards are, in effect, subtracted from the full amount of tuition that they must pay. The full amount in a student's Tuition Rewards account is distributed evenly over the course of four years of undergraduate study, beginning with the freshman year. And, since Harleysville Bank Tuition Rewards are not actual dollars, the program does not affect a family's Expected Family Contribution (EFC), a variable measurement used to determine a family's eligibility for financial aid and need-based scholarships.

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