Frequently Asked Questions
What is Mission Tuition?
How do members earn college savings?
How much can families earn for college using Mission Tuition?
Who can sign up – can grandparents or family members join Mission Tuition too?
What is a "529" savings account?
Do members have to use the money for college?
What if I already have a 529 or college saving account?
How will I know that my money is safe?
How can I access my account and withdraw my savings?
Where are my savings held?
Do members need to register their credit cards to get savings?
Is there a cost to become a Mission Tuition member?
Are there any other hidden costs to the consumer?
What if I have other questions?
What is Mission Tuition?
Mission Tuition is a service that helps families earn extra money for education. By shopping at our participating merchants, members jump-start their college savings with rebates and discounts from shopping -- online, in-store, eating out, buying groceries, travel and more. It makes a college education more attainable by having everyday shopping generate rewards that help pay for college.
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How do members earn college savings?
Mission Tuition has a network of over 250,000 of America's leading merchants and brand partners who share our "mission". These Partners provide our members with three ways to earn rewards for using their products and services:
- First, members can earn 1-30% in college savings simply by shopping online.
- Secondly consumers can print out valuable coupons and discounts for immediate in-store savings on groceries, dining, shopping and entertainment
- Thirdly, members can apply for and use a new Mission Tuition MasterCard, which enables them to earn additional cash rewards on all purchases. It is a revolutionary new way to double saving-while-spending. Cardholders earn advertised rebates and in-store discounts PLUS generate rewards by using their Mission Tuition credit card for these purchases.
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How much can families earn for college using Mission Tuition?
There's no limit to how much families can save. Members can earn hundreds, or even thousands of dollars a year when they take full advantage of Mission Tuition for their everyday purchases. Click here for more details.
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Who can sign up – can grandparents or family members join Mission Tuition too?
Any person that has an active debit or credit card can join Mission Tuition, and we encourage extended family members to help save for college too. For maximum savings opportunities, family member should apply for the Mission Tuition MasterCard to earn additional rewards while shopping. By using Mission Tuition, the entire family can save for children, and help with their educational needs.
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What is a "529" savings account?
A 529 account, formally known as "qualified tuition plan," is a tax-advantaged investment plan designed to encourage saving for a designated beneficiary's future higher education expenses. The plans are administered by states, state agencies and educational institutions, and are named after Section 529 of the Internal Revenue Code.
Investing in a 529 plan may offer college savers special tax benefits. Earnings in 529 plans are not subject to federal tax, and in most cases, state tax, so long as you use withdrawals for eligible college expenses, such as tuition and room and board.
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Do members have to use the money for college?
Mission Tuition was created to help families save for college. We strongly encourage members to use the money they've earned towards education expenses, or pay down student loans. However, members may choose to withdraw the money they've saved and use it for other purposes if they wish.
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What if I already have a 529 or college saving account?
Mission Tuition's goal is to help you save money for college. We make it easy for you to access your Mission Tuition account, so that you can deposit your savings into any existing 529 account, plan or college program.
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How will I know that my money is safe?
Mission Tuition has partnered with leading financial institutions like MasterCard, Well Fargo Bank and Amalgamated Bank of Chicago to provide the complete services necessary to process transactions and maintain all savings accounts.
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How can I access my account and withdraw my savings?
Whenever you login, your savings are always displayed in the "Shop On-Line" tab. When you're ready to access your savings, simply let us know that you would like the money transferred and we'll take care of the rest. Just notify us via e-mail and we'll send you a check for you to deposit into your active 529 account or use for any of your educational needs
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Where are my savings held?
Once you provide your information we open an "educational savings account" in your name, and all earned rebates go directly into your account. This account resides with Well Fargo Bank and is available to you at any time.
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Do members need to register their credit cards to get savings?
Yes. This is done to verify your membership and start an educational savings account for your children. The registered debit or credit cards also provide the tracking method for making sure each member earns all of their qualified savings from merchant partner rebates and discounts.
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Is there a cost to become a Mission Tuition member?
Unlike other programs, 100% of the savings from merchants will be passed along to you, so that our mutual goal of saving for your child's college education can be attained.
In order to provide these unlimited savings opportunities and capture all of your savings dollars, a monthly transaction fee of $4.95 will be deducted from your accrued savings. Typically, the savings from one or two purchases will more than cover this amount. If your accrued savings in any given month is less than the monthly transaction fee your registered credit card will be charged.
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Are there any other hidden costs to the consumer?
No. There are no other charges or hidden fees. If you're not completely satisfied with your membership you can cancel at any time.
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What if I have other questions?
If you have any other questions please call us at 888-542-0111 or email us at support@missiontuition.com.
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