Upromise Is The Fast And Easy Way Way To Save For College

Save For College - Upromise Is The Fast And Easy Way

Save For College - Upromise Is The Fast And Easy WayWhen it comes to saving money for college, many students and parents are turning to extra jobs, grants, student loans, and scholarships. But, there’s another way that you can earn money for college. At Upromise, they’ve gone the extra mile and made it easy to save for college.

What Is Upromise?

You can join Upromise for free. That’s right, absolutely free of charge.

Once you’ve become a member you can begin shopping on the Upromise website through featured shopping partners. These are merchants that you are already shopping with, but by buying things through the Upromise website, you can earn money for your children’s college education.

You earn cash back by shopping online, going out to eat, registering your store (both drug store and grocery store) loyalty cards, booking travel arrangements, and other shopping tasks and experiences.

You can also apply for the Upromise Master Card to help you earn money for college even faster. For each purchase, you’ll be earning cash back on your card. When you have earned cash back, you have three ways that you can use this money.

Save For College Using Upromise

The first way that you can use your savings from Upromise for college expenses is to put it into a college fund for your child or children.

The second way is to pay down a student loan with the money that has accumulated in your Upromise account. And, the third way is to get your cash back returned to you via a check.

If you choose to open a college savings plan, you can set it up to directly deposit your cash back into this fund. This fund is ran through a Sallie Mae High Yield savings account.

Read more

What Is Upromise And Why You Need To Use It

The Benefits Of 529 College Savings Plans

Upromise - Join Now 125x125What is Upromise? Upromise is a service that helps individuals save money to pay for college or to pay down existing student loan debt.

The beauty of the program is that you save money for college by simply shopping at the normal stores you visit every day. Upromise was created in partnership with Sallie Mae and is designed to help save for education costs.

What Is Upromise?

It is not a college savings plan (like a 529 College Savings Plan). It does not see tax deferred growth. However, what the program does offer is a great way to save through partnerships with retailers. Similar to a cash back rewards card, this plan puts rewards from retailers into an account that you can use to save money for school or paying down current Sallie Mae serviced student loans.

How Upromise Works

fb-529-college-savings-plans-2Once you join Upromise, you simply have to shop at eligible retailers. You can shop online and get anywhere from 1$ to 25% back that is credited to your account. There are more than 600 online retailers, including Target and more, which will give you rewards.

Many stores link your Upromise account with your loyalty card. You can also get up to 8% back from participating restaurants when you pay with a credit card or debit card that you have registered on the Upromise website. There are over 8,000 restaurants to choose from including many nationwide chains like Subway.

Read more