CollegeAdvantage Systematic Savings Incentive Offer

Earn $25 for your account when you start a new recurring monthly electronic funds transfer (EFT) or payroll deduction between September 1, 2009 and January 31, 2010. Saving automatically through your bank account or payroll deduction is not only a convenient way to contribute regularly to your account, but it can also help to manage risk by investing fixed amounts systematically over time.

The $25 bonus will be applied to your CollegeAdvantage direct account 90 days after you start the new recurring EFT or payroll deduction and meet the following requirements:

• A minimum of $25 must be deducted per month.
• The EFT and payroll deduction must still be active after 90 days.
• For EFT only, a minimum of three EFT pulls must have occurred within the 90 day period.
• For payroll deduction only, at least one payroll submission must be submitted by your employer and the payroll deduction applied to your account within the 90 day period.

How do I start?

Log in to your account in the "My Account" section of this site. (You’ll need to create a user name and password if you have not already done so. Simply click on the "Get a User ID" button on the home page and follow the instructions.) Once you are logged in, click on either the "Recurring Electronic Contributions" link or the "Payroll Deduction" link on the left hand side of the page and follow the instructions. Please note, your employer must offer payroll deduction for CollegeAdvantage for you to participate in payroll deduction.

CollegeAdvantage Systematic Savings Incentive Offer Rules
1. The CollegeAdvantage Systematic Savings Incentive Offer is available to new and existing CollegeAdvantage direct accounts. CollegeAdvantage advisor accounts are not eligible for the offer.

2. The $25 Systematic Savings Incentive bonus will be awarded to a CollegeAdvantage direct account when a new recurring electronic funds transfer (EFT) or payroll deduction is started between September 1, 2009 and January 31, 2010 and all criteria for receiving the bonus has been met.

3. A $25 Systematic Savings Incentive bonus will be applied to the CollegeAdvantage direct account when the following criteria is met:

a.  A new recurring EFT or payroll deduction is started between September 1, 2009 and January 31, 2010 by the Account Owner or a Contributor to the account. A Contributor is anyone other than the Account Owner listed on the Account.

b. The recurring EFT and/or payroll deduction is active for at least 90 days after the Account Owner or Contributor initiated the EFT or payroll deduction.

c. A minimum of $25 per month total has been contributed to the account for at least three consecutive months, if participating in EFT.

d. The Account Owner or Contributor’s employer has sent at least one check or bank transfer for a minimum of $25 and it has been applied to the account, if participating in payroll deduction.

e. The Account Owner or Contributor has provided all necessary information to start EFT or payroll deduction. The EFT or payroll deduction must be in good order and have cleared the bank to qualify for the bonus. To be considered a recurring EFT opened in good order, the correct bank account and routing numbers must be provided to start the EFT and all information must be complete. To be considered a payroll deduction opened in good order, the Account Owner’s employer must be participating as a Corporate Partner with the Ohio Tuition Trust Authority (Tuition Trust) and the employer must have provided all of the appropriate information to send or transfer funds to the Tuition Trust.

4. CollegeAdvantage direct accounts with a current recurring EFT or payroll deduction are eligible for the bonus offer if a “new” recurring EFT or payroll deduction is started for the Account by either the Account Owner or Contributor, provided they are not the party currently responsible for the current recurring EFT or payroll deduction. For example, if the current recurring EFT was established by the Account Owner, a Contributor could also start a recurring EFT or payroll deduction and potentially qualify for the bonus as a “new” recurring EFT or payroll deduction. In this case a $25 bonus would be applied for the new recurring EFT or payroll deduction. The Systematic Savings Incentive bonus is intended to reward new systematic savers. The account will not qualify for the bonus if a current recurring EFT or payroll deduction is stopped and a new one started between September 1, 2009 and January 31, 2010.

5. More than one Systematic Savings Incentive bonus may be awarded per account in the case where the Account Owner and other Contributors sign up for a recurring EFT or payroll deduction for the same account. For example, the Account Owner could start a recurring EFT and the spouse could also start a recurring EFT or payroll deduction as a Contributor for the same account. In that case, the account would receive a total of $50 if all other criteria for the bonus are met.

6. Only one $25 bonus will be awarded to an Account per person (Account Owner or Contributor), per Beneficiary. For example, an Account Owner or Contributor would not receive multiple bonus awards for starting multiple recurring EFTs or payroll deductions for the same Beneficiary/Account.
7. Any bonus will be invested in a CollegeAdvantage investment option and will not be paid out in cash. The $25 bonus will be invested in the first CollegeAdvantage investment option entered when signing up for a recurring EFT or payroll deduction.

8. The Tuition Trust reserves the right to stop the program at any time, for any reason, including availability of funds for the program. The program may, or may not, be offered again in the future.

9. The recipient of the bonus (the Account Owner) is responsible for any federal, state, or local income taxes. The Tuition Trust will send the Account Owner a 1099 tax form for any bonuses (including any bonus awarded through the Refer a Friend program) totaling $500 or more.

10. CollegeAdvantage accounts with a zero dollar balance are not eligible to receive a Systematic Savings Incentive bonus.

11. A minimum opening balance of $25 is required to establish a CollegeAdvantage direct account. The Systematic Savings Incentive bonus may not be used to fund the initial contribution. To quality for the bonus, any new account must be opened in good order. To qualify as an account opened in good order, all required account information must be provided, an initial contribution of $25 made and the initial contribution must have cleared the bank.

12. The Tuition Trust reserves the right to disqualify any account from receiving the Systematic Savings Incentive bonus if the Tuition Trust suspects fraud or abuse of the promotion.

13. Tuition Trust employees and board members are not eligible to participate in the Systematic Savings Incentive Offer.