Canadian company allows students to use frequent flyer miles to pay tuition
Canadian company allows students to use frequent flyer miles to pay tuition
HigherEdPoints has partnered with Air Canadas loyalty program to help ease students loan burdens with both their own and friends and families miles
Jana Kasperkevic in New York
Thursday 30 July 2015 14.28 EDT
If you are a college student or graduate in Canada, your frequent flyer miles can help you cut down on your student debt.
Partnering with Air Canadas loyalty program Aeroplan, HigherEdPoints is allowing students to use their miles, as well as miles from their friends and families, to help offset their student loans and cover parts of their tuition.
The exchange rate is 35,000 Aeroplan miles for C$250 HigherEdPoints credit, which can then be applied to loans held by the Ontario Student Assistance Program (OSAP). OSAP joined as the participating partner in June.
The HigherEdPoints program is available to students at 70 colleges and universities. According to Bloomberg, some graduates have already successfully crowdsourced miles to cut down their debt.
More:
http://www.theguardian.com/money/2015/jul/30/canada-students-frequent-flyer-miles-tuition-loan-debt