Guaranteed Rate Partners with CollegeSave to Help Customers Cut Thousands off College Tuition Costs
Chicago, Ill., September 5, 2019 -- Guaranteed Rate, one of the largest retail mortgage lenders in the nation, announces a one-of-a-kind partnership with CollegeSave, a unique program featuring a 25-year-old scholarship platform that enables families to save for college for their kids, grandkids or extended relatives without a penny of investment by the families.
Loan originators can now opt in to offer the closing gift of college savings by giving borrowers the opportunity to sign up with CollegeSave. The program is free to borrowers.
Customers receive an initial 1000 Tuition Rewards® Points worth $1000 in college tuition discounts when they complete their application for pre-approval. When their loan funds they receive 250 more points worth $250 in tuition discounts every month for the next five years, potentially saving up to one full year of tuition at over 400 participating private colleges in the United States. Each point equals $1.00 in college tuition discounts. CollegeSave members also receive additional benefits to help them save for college.
“At Guaranteed Rate, helping people is first and foremost,” said founder and CEO Victor Ciardelli. “With CollegeSave, we’re helping people with the biggest purchase of their lives—a home—and helping offset one of life’s most important investments—college. And that means a lot to us.”
The CollegeSave benefits are transferable to any family member –child, grandchild, cousin, nephew, sister etc., and are available to any borrower who completes a loan application and a loan funded with Guaranteed Rate.
“After a home purchase, saving for college is usually the most significant investment families make in their futures. We're delighted to partner with Guaranteed Rate to help families reduce the need to borrow for college and afford the ‘American Dream’ – owning their own homes and affording college for the children in their families,” said Gary Serota, founder and CEO of CollegeSave.
Since 2000, Guaranteed Rate has built a foundation of delivering competitive pricing, mortgage products and unmatched expertise from its top-producing loan officers, helping thousands of customers move into their dream homes. The company introduced the world’s first Digital Mortgage, creating an easy-to-understand, transparent loan process, which has led to an industry-leading customer satisfaction rating and exponential growth.
To learn more, please visit: https://collegesave.org/.
About Guaranteed Rate Companies
The Guaranteed Rate Companies, which includes Guaranteed Rate Inc., and Guaranteed Rate Affinity, LLC, has over 5,000 employees in a total of 700 offices across the U.S and will fund $36 billion in 2019. Headquartered in Chicago, Guaranteed Rate Inc. is one of the largest retail mortgage lenders in the United States. Founded in 2000 and licensed in all 50 states and Washington, D.C., it has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. Collectively, the companies have earned honors and awards including: "Top Lender for Online Service" for 2018 by U.S. News & World Report; No. 3 ranking in Scotsman Guide's Top Retail Mortgage Lenders 2018; Chicago Tribune's Top Workplaces list for seven consecutive years; and Best Online Lender and Best Lender for FHA Streamline Refinance by NerdWallet in 2019. Visit rate.com for more information.