How It Works - The Sparo Tuition Bank^®

Sparo Tuition Bank partners offer opportunities to be randomly selected to obtain a scholarship paid directly to their higher education institution or debt holder at no cost to the participant. Participants can subscribe, purchase, or otherwise take advantage of associated offers from the Sparo Partner. As an added bonus, a portion of the sales from these purchases are donated by Sparo to a charity the participants selects.

The participants does not qualify as a charitable donor, and so may not claim any part of the purchases as an IRC section 170 charitable donation. The selection of subscribers as recipients of the scholarship will be random based upon verified information. This is not a lottery, sweepstakes, or other game of chance. The award will be sent directly to the educational facility or to the financial institution carrying the student debt. Every participant will have two opportunities to be awarded the scholarship, with the timing dependent upon the number of new participants in any given time period.