How to Qualify: You must meet all of these conditions:
  • Get that degree! To take advantage of the program you must:
    • Have graduated from an accredited four-year college, university, or registered nursing degree program during the last two years or graduate from such a school/program within the next six months, or 
    • Have graduated from an accredited two-year college during the last two years, or 
    • Be enrolled in an accredited graduate degree program or have received a degree from an accredited graduate program during the last two years, or 
    • Have graduated during the last two years from the two-year Toyota Technical Education Network (T-TEN) Program or any other two-year post secondary automotive program accredited by the NATEF, or 
    • Have completed an electrician apprenticeship/cert. program during the last two years through NJATC and IBEW.
  • Get a job! Show proof of present employment, or future employment with a start date within 120 days of your purchase contract date. TFS must deem your salary sufficient to cover living expenses and vehicle payments.
  • Minor credit lapses allowed! Obligations paid within 60 days or less of the due date and non-credit related (e.g., rent, utilities, health club membership, etc.) charge-offs less than $1,000 in the past 24 months are acceptable.
  • On approved credit through participating Toyota dealers and Toyota Financial Services. Not all applicants will qualify. Terms, conditions and restrictions apply.

     On January 06, 2015, the eligibility requirements for the 2015 Toyota & Scion College Graduate Rebate Programs are changing to allow accredited schools as further defined below in the 50 United States, U.S. Virgin Islands and Puerto Rico (“Eligible Schools”) only. In addition, Toyota Financial Services (TFS) will be aligning the Toyota/Scion College Graduate Finance Program with the same eligibility requirements.

    Along with this change, Dealers must submit ‘proof’ of the customer’s eligibility with the contract documentation to their TFS DSSO in the form of one of the required documents:

    1. Copy of diploma; OR

    2. Letter from the college/university/trade school registrar’s office stating graduation date and type of degree earned; OR

  • 3. Copy of the final transcript confirming graduation date and type of degree earned.


    The streamlined eligibility verbiage is as follows:

  • To qualify for the Toyota/Scion College Graduate Rebate Program (and College Graduate Finance Program), eligible customers must provide proof of graduation (within six months of vehicle purchase OR within two years after graduation) from the Eligible Schools below:

    1. A four-year college, university or registered nursing program; OR

    2. A two-year college associate degree or an undergraduate academic degree as awarded by community colleges, junior colleges, technical colleges and universities; OR

    3. A two-year trade or vocational school; OR

  • 4. A graduate degree program.