University's Proceeds to Help Fund Alumni Legacy Scholarship Program.
STAMFORD, Conn.--(BUSINESS WIRE)--Boston College, one of the nation's leading institutions of higher learning, has selected GE Money, the consumer lending unit of General Electric Company (NYSE:GE), to provide an affinity credit card product to the university's alumni, graduate students, graduating seniors, faculty and staff.
"GE is proud to partner with this great university to provide enhanced credit card services and an exclusive rewards program," said Scott Young, senior vice president of GE Money's Personal Finance business. "Boston College is committed to using this program as a vehicle for sharing important benefits and savings with its extended family." The deal is part of GE Money's strategy to expand its affinity card program.
Under the terms of the agreement, which is scheduled to launch November 1, GE will provide a MasterCard product featuring the Boston College brand. Cardholders will earn Boston College Rewards -- one point for every dollar spent. Points may be redeemed for merchandise, travel or cash, as well as unique and exciting Boston College experiences. These exceptional university rewards options will include tickets to major university sporting events, golf outings with coaches, or even transportation on the team plane to a big away game. Cardholders also receive 10 percent off select merchandise at campus bookstores.
Additionally, Boston College will use its revenue to fund its Alumni Legacy Scholarship Fund, which provides financial assistance to the children of alumni who wish to attend Boston College.
"This partnership is a real win/win situation," said John A. Feudo, associate vice president for Alumni Relations at Boston College "Members of the BC family who use this card not only help future generations of BC students through the program's support of the Alumni Legacy Scholarship Fund, but our alumni and friends will benefit directly through the outstanding rewards program we have to offer."
For more information about the program go to: http://www.bc.edu/alumni.
ABOUT BOSTON COLLEGE:
Founded in 1863, Boston College is a coeducational university with an enrollment of 9,000 undergraduates and 4,700 graduate and professional students representing every state and more than 99 countries. US News and World Report ranks Boston College 34th among national universities. Boston College confers more than 4,000 degrees in more than 50 fields of study through 7 schools and colleges. Its more than 600 full-time faculty members are committed to both teaching and research and have set new marks for research grants in each of the last ten years. The University is in the process of adding new faculty positions, expanding research, increasing student financial aid, and widening opportunities in key undergraduate programs. Its commitment to its Jesuit and Catholic heritage has recently been manifest in the widely praised Church in the 21st Century Center.
ABOUT GE MONEY:
GE Money's Personal Finance business is an innovative, customer-centric lending organization that provides financial services such as personal loans, mortgages, bankcards and student loans both directly to consumers, as well as through partner-based channels. The business brings to personal lending GE's legendary passion for delivering imaginative customer solutions that help people live their dreams.
With $163 billion in assets, GE Money, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in 50 countries around the world. GE Money, based in Stamford, Connecticut (USA), offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans, and credit insurance. For more visit www.gemoney.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
Contacts GE Money
Gene Ullrich, 847-605-7005
[email protected]
or
Boston College
Anne Merrill, 617-552-4569
[email protected]
Cristy Williams
[email protected]
678.518.2596