Upromise Offers New Online Features for Consumers

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Upromise Offers New Online Features for Consumers

Upromise, Sallie Mae’s college savings program, is providing parents and college students with some new resources this back-to-school season, at its Web site, Upromise.com/backtoschool. Upromise enables consumers to save money on school supplies, clothing and college dorm essentials when shopping online at more than 650 retailers, and to earn money back (1 percent to 25 percent on eligible purchases) for higher education.

The Web site now includes the following features:

Shop: Upromise credit card holders can save money on all purchases, and on average earn seven times more than members who don’t. Also, by downloading TurboSaver, members will be reminded of college savings opportunities when shopping online

Learn: Upromise has joined forces with family financial expert Ellie Kay. As a mother of seven children, three of whom are attending college loan-free, Kay offers tips on ways to save for and lower college costs. Many college planning resources, including college savings and budgeting tool and information on investment options, are also available on the site

Share: Families and students can connect with other Upromise members by joining Upromise’s Community, finding Upromise on Facebook and following Upromise on Twitter

Win: Starting July 26, 10 new or current members will win $10,000 in the second annual Upromise College Dream Sweepstakes. By downloading TurboSaver, families will automatically be entered into the contest

“Members have put away nearly half a billion dollars for college simply by shopping any of the more than 650 Upromise participating companies,” said David Rochon, president of Newton, Mass.-based Upromise. “Most families need supplies and other items such as backpacks, shoes or clothing to start off the new school year. Millions of smart consumers earn college contributions whenever they make everyday purchases and watch the savings add up.”

Through its subsidiaries, SLM Corp. (commonly known as Sallie Mae), the nation’s leading provider of saving, planning and paying for education programs, manages $185 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $17 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 10 million members and nearly $500 million in member rewards.