[November 25, 2014]

New Offers from Upromise by Sallie Mae Means More Opportunities to Earn Cash Back for College This Holiday Season

With the holiday shopping season in full force, now's the time for families to earn even more cash back for college through Upromise by Sallie Mae. Every Tuesday through Dec. 23 is "10 Percent Tuesday", where Upromise members can earn 10 percent cash back for college with featured partners including: Sephora, Shoebuy.com, Fossil, Lord & Taylor and QVC.com. A full list of participating retailers is available on Upromise.com. Last holiday season Upromise members earned a collective $14 million towards college savings.

This holiday season, Upromise offers even more ways to save for college. Those who shop using the Upromise World MasterCard can earn an extra 5 percent cash back for a total of 10 percent at most partners on online purchases on Black Friday, Cyber Monday (News - Alert), and every other day of the year. Also, on Nov. 26, Upromise will feature a free shipping day, aggregating dozens of partners' free shipping offeringsin one place for members.

Additionally, Upromise is launching personalized in-store offers for members who have a Upromise World MasterCard registered to their Upromise account. Members will see a list of in-store offers at nearby retailers and restaurants online, and the percentage cash back at each partner.

"Many families try to strike a balance between their budget and things like college savings goals, and the holidays can put stress on that balance," said Erin Condon, vice president, Upromise by Sallie Mae. "With Upromise, families can purchase their holiday gifts with peace of mind that they're also putting away a little bit more for college."

Grandparents, friends, and other family can link their shopping to a Upromise account to contribute money for college for that child or children. In fact, Upromise members with friends and family who contribute to their account earn 3 times more college savings on average.

Free and easy to join, Upromise by Sallie Mae allows families to earn cash back for college from everyday purchases by shopping online with partners such as Groupon, Macys.com, WalMart.com and BestBuy.com. Through Upromise, shoppers earn real cash rewards that can be put towards saving and paying for college including repayment of an eligible student loan, a Sallie Mae high-yield savings account, eligible 529 college savings plans or even cash back in the form of a check.

To date, Upromise members have collectively earned more than $850 million. To learn more, visit Upromise.com.

Sallie Mae (NASDAQ: SLM) is the nation's saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

[ Back To TMCnet.com's Homepage ]