Sales are even better when they're earning you savings for college.
Did you know that earning savings for college can be as easy as pulling out your credit card and making a purchase?
It’s true! By signing up for Upromise and shopping with its partners, you can get up to 25 percent back on the purchases you make. Even better, the college savings you earn are tax free!
Sounds crazy, right? But don’t worry, Upromise is completely legitimate—in fact, it’s the brainchild of the people at Sallie Mae (which runs federal student loan programs, among other things).
So, how does it earn you savings for college?
First, you have to create an account. That involves giving them some basic information, including which debit/credit cards you want to use to earn college savings. After your registration is complete, there are three super easy ways you can start getting savings for college:
- Use the Upromise portal to shop online at any of their 800 partner sites
- Download eCoupons onto your shopper cards and use them when you shop at your local supermarkets and drugstores
- Register as a Preferred Diner and eat at participating restaurants
Even better? You can invite your friends and family to be part of your Upromise account, too. When they do, you’ll earn additional college savings every time they shop!
Keeping track of your college savings.
Wondering where all those savings for college go? The answer is anywhere you want them to!
Upromise gives you four ways to use the college savings you earn:
- Have your college savings deposited in a 529 college savings account
- Have your savings for college deposited in a high-yield savings account
- Use your savings to pay down a student loan
- Receive your college savings directly in the form of a monthly check
Cashing in on the savings for college you earn with Upromise.
The college savings in your Upromise account can be used for whomever you designate as the beneficiary – your children, a friend or family member, or even yourself! It also never expires, so whether you’re saving for a two-year-old or a fifteen-year-old, the money will be there when you need it. Plus, you can use it however you see fit – for tuition, books, even room and board!
So if you could use some easy savings for college, open a Upromise account. You’ve got nothing to lose – and a whole lot of college savings to gain.
And don’t forget, you’ll get all the latest advice on saving for college on our blog, so subscribe today!
