To obtain the College Graduate Rebate, you must be
(1) enrolled in or be a graduate from an Eligible School
(2) fulfill an Eligible Degree Status and
(3) provide proof of Eligible Degree Status all as defined
1. Eligible School/Degree Programs: An “Eligible School” is an accredited school in the 50 United States,
U.S. Virgin Islands or Puerto Rico. An “Eligible Degree” is defined as one of the following from/with an
A. A four year undergraduate degree from a college, university or a registered nursing program; or
B. A two year associate or undergraduate degree from a community college, junior college or
technical college or university; or
C. A two year trade or vocational degree or certification; or
D. Current enrollment in a graduate school degree program.
2. Eligible Degree Status:
A. You are currently enrolled in a graduate degree program from an Eligible School; or
B. You have already obtained an Eligible Degree from an Eligible School within two calendar years
prior to signing your lease or finance contract through your dealer and Toyota Financial Services
C. You will obtain an Eligible Degree from an Eligible School within six months after signing your
lease or finance contract through your dealer and TFS.
3. Proof of Eligible Degree Status: You must provide proof of Eligible Degree status by submitting the
following required documents to your dealer:
A. For proof of Eligible Degree status where you have graduated from an Eligible School/Degree
program within the last two years or will graduate from an Eligible School/Degree program
within six months of signing your finance or lease contract:
a. Copy of diploma; or
b. Letter from the college/university/trade school registrar’s office stating graduation date and
type of degree earned or to be earned; or
c. Copy of the final transcript confirming graduation date and type of degree earned.
B. For proof of Eligible Degree status where you are currently enrolled in a graduate school
program from an Eligible School:
a. Copy of current transcript confirming enrollment in a graduate degree program; or
b. Letter from the college/university registrar’s office enrollment in a graduate degree
Customer must also:
1. At contract signing, furnish verifiable proof of present employment or proof of future
employment, which will begin within 120 days of credit approval, with a salary sufficient to
cover ordinary living expenses and vehicle payments; and
2. Be approved for credit by, and finance “the Vehicle” through a participating Dealer and Toyota
Financial Services (TFS). During the last 24 months, all obligations on your credit report must
have been paid within 60 days of the due date, and your credit report must not show more than
$1,000 in total charge-offs.
ALL New* Toyota vehicles, including dealer demonstrators with 20,000 miles or less. Vehicles must be
taken out of dealer stock.
(Note: Toyota Certified Used Vehicle (TCUV) are not eligible for College Graduate Rebate Program)
The Toyota College Graduate $500 Rebate Program is effective January 5, 2021 through March 31, 2021.
Program is subject to change or termination at any time. (The TFS College Graduate Finance Plan runs
• To receive the College Graduate Rebate and Finance Program benefits, the signer or cosigner
must meet all of the College Graduate qualifications.
• Two Calendar Year example: Customer graduates in June 2020, he/she has until December
31, 2022 to qualify for the Toyota College Graduate Rebate Program.
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