HigherEdPoints, the Canadian company that allows you to use loyalty points (Aeroplan, CIBC Rewards and TD Rewards) towards paying your tuition made a big announcement today with the addition of Canada Student Loans to their portfolio. This means you can now redeem miles and points to pay off federal student loans. There are approximately 1.3 million Canadians who hodl federal student loans so this is big news for HigherEdPoints and is a great option for those who need help to pay off those loans! Here is an excerpt from today's press release:
Students can repay their Canada Student Loans by redeeming loyalty program points from Aeroplan, TD Rewards and the CIBC Aventura programs. Businesses, friends or family can also convert their loyalty points to repay a student or grad’s loans.
“Education is the most important investment a person can make but post-graduation debt can be a major hindrance upon graduation,” says Suzanne Tyson, Founder and CEO of HigherEdPoints.com. “We are thrilled to have brought the Canada Student Loans program into HigherEdPoints to provide post-secondary students and their families a new opportunity to relieve some of the financial pressure upon graduation.”Related: Using Points & Miles to pay for Tuition
According to Statistics Canada, college graduates average $14,900 in debt, bachelor and masters graduates are expected to average over $26,300 and doctorate graduates will have $41,100 in debt on average.
HigherEdPoints.com already offers students the opportunity to redeem loyalty points to pay their tuition at more than 100 Canadian colleges and universities and repay provincial loan program debts. Over the last four years, HighEdPoints.com has helped students and parents convert over 225,000,000 loyalty points into more than $1,350,000 worth of funds to help pay for tuition and repay provincial student loans. With the addition of the Canada Student Loan program, HigherEdPoints will now be able to help the 1.3 million graduates currently repaying their loans.
In the bonus offers section we added a new status match and fast track to elite status offer for Hilton Honors. If you hold any other hotel program elite status you can register for this offer to get 90 days of automatic Honors elite status and then if you complete 4 stays in 90 days you'll get to keep Gold status. Complete 8 stays in those 90 days and you'll get Diamond status. Normally it takes 20 and 30 stays respectively to earn those status levels. Remember you also have to option of getting Honors Gold status with the Platinum Card from American Express. Find out more about this status match/fast track offer here.
Posts since our last update:
- CIBC Aventura Card enhancements coming on October 15 - Priority Pass with lounge visits, NEXUS credit and more
CIBC has been a bank that has kind of sat on its laurels over the past few years with…
- NOW LIVE: IHG Rewards Club PointBreaks - 163 Hotels for only 5,000 to 15,000 points per night
The latest IHG Rewards Club PointBreaks hotels are now available for booking! We didn't get any previews this round…
Expedia Flash Sale: Save 40% or more on top destinations for 48 hours only Find out more here
Remember to visit Rewards Canada's Travel Booking site to book travel directly with many of your favourite airlines, hotels and more!
Canadian Bonus Offers
IHG Rewards Club
- IHG Rewards Club PointBreaks Redeem only 5,000 to 15,000 points for stays at select hotels Worldwide. Offer and participating hotels are subject to change at any time. There are 6 Canadian hotels included this time. More... Until Nov 30, 18
Other Bonus Offers
Amtrak Guest Rewards
- 750 Bonus Guest Rewards Points on qualifying rentals of 3 or more days at participating Budget locations in the U.S. and Canada. More... Until Feb 28, 19
Hilton Honors
- Elite Status Match and Fast Track to Elite Status Offer - Recieve Hilton Honors eite status for 90 days when you hold status with another hotel program and then stay 4 times in 90 days to keep Gold Status or 8 times to keep Diamond status. More... Until ?
Miles & More
- Double Miles & More Miles when you rent with Europcar for 3 or more days in Australia, Austria or the U.K. More... Book by Sep 30 for rentals until Oct 15, 18
Wyndham Rewards
- 700 Bonus Wyndham Rewards Points on qualifying rentals of 3 or more days at participating Budget locations worldwide. More... Until Dec 31, 18
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