My wife and I are expecting our first child, so we have been looking into various college savings programs, including 529 College Savings Plans and Coverdell ESA programs. As part of our research a friend referred us to Upromise, a free college savings program. Upromise has been around for years, but we haven’t used it because we hadn’t been thinking about saving for college until now.
Upromise – Earn Free Money For College Education
Upromise is a free rewards program that gives members a little kickback each time they make a purchase at participating stores.
How Upromise works
Upromise works by linking your credit card, debit card, or grocery store card to your Upromise account. Each time you make a purchase through a participating merchant, a percentage of the transaction will be deposited into your Upromise account (you continue to earn your regular credit card rewards as well). You can have your rewards deposited into a 529 plan, use your rewards to pay down student loans, or you can have a check mailed to you to pay for college expenses.
How to sign up for Upromise
All you need to do is sign up for a free Upromise account, register your credit card or grocery store card with Upromise, and shop like you normally do. You will then receive rewards for certain transactions. You can automatically earn rewards money for everyday purchases at grocery and drug stores, gas stations, restaurants, retail stores and online shopping sites. Additionally, some Upromise partners offer additional rewards – up to 8% at some restaurants.
Benefits of a Upromise membership:
- Earn college savings through eligible everyday spending.
- Start a college savings plan and save money on taxes.
- Learn about ways to pay for college.
- Receive special discounts, bonuses, and money-saving offers by shopping through Upromise website.
- Use Upromise to repay student loans.
How much money can you earn with Upromise?
I only recently signed up for Upromise, so I haven’t earned much yet. But we have about 18 years of use before we should need to pay for college, so I hope 18 years will make a difference! I am a big fan of Free Money!
Have friends and family help you save for college. When you sign up for your Upromise account, you can invite your friends and family to register as well, and their rewards can go toward your college savings. This is a great way to have Grandma and Grandpa help out!
Earn 10% more with Upromise by linking a Sallie Mae Online Savings Account! Upromise is owned by Sallie Mae, the company well known for funding student loans. If you open a Sallie Mae online savings account, you can earn a 10% bonus on your Upromise earnings. There is no limit to how much additional you can earn. If that isn’t enough to convince you, Sallie Mae also offers one of the top interest rates in the nation, currently over 6x the national average. Read this Sallie Mae Bank Online Savings Account Review for more information or to sign up for a Sallie Mae savings account.
Sign up for Upromise today! Upromise is a great way to help save for college, repay student loans, or help pay for current college expenses. Sign up for your Upromise account and get started!