Monday, July 12, 2010

Finding Free Money For College - Using Upromise to Avoid Taking Out Student Loans

Report from parents that they have saved thousands of dollars to the university of their child 529 savings programs, all with money given to them free. Programs like Upromise team with hundreds of famous retailers, to give money back rebates on everyday purchases like gas, groceries, restaurant meals and travel. One parent said she has already recorded more than $ 2,000 for the school education of his son, who was immersed in 529 savings and discounts earned by retail purchases or cash back rebates earned from her Upromise credit card (which gives you 1% cash on all purchases, and more on purchases participating retailer).

"Upromise is a program that each parent must sign. It is free to register and easy to obtain rebates, which are equivalent to money in your savings account. You can even upload your student loans, or simply a request to verify and get the money, but do you want. If all parents have signed up for this program if their children are born, they would probably have to pay for education or school without ever really committed to their own money. I know I'm over $ 2000 at the University of Upromise my son's 529 plan (free money for them) in just over five years. Imagine if I had started when he was born. "

The money gives Upromise members of its retail partners, including:

* More than 700 online retailers, including Best Buy, Ebay, Old Navy, Sears, Expedia, Apple Store
* Nearly 8,500 restaurants
* More than 21,000 grocery and drug stores like Kroger, Safeway, Fry, and much more
* Other companies such as rental cars, service stations and dealers

Here's how it works. You just need to store or use the services of one of the partners above. Upromise and gives you a discount on your purchase, for example a 2% discount on Best Buy. Then, each quarter when your Upromise account at least $ 50 in her savings will be automatically sent to your 529 college savings account coupled or Sallie Mae student loans. Or you can simply ask for money will be sent by check.

Upromise states on their website they are currently more than 500 million dollars to save its members money to the university, making it an important source of private funding for university education.

In addition, Upromise provides a way for friends and family, including grandparents, a link to your account so that their rebates online shopping can earn your college savings program. They also offer their own credit card that you have 1% on all your purchases, and more on purchases from participating retailers.

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