U-Promise
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| Wed, 01-04-2006 - 11:34am |
I was reading the Dollar Stretcher for Parents and they had an article that included this little tidbit of information:
Upromise - You probably already know that a Upromise account
enables you to earn money for college, but did you know that a
Upromise account can also be used to repay your student loans?
To take advantage of this great program, simply sign up for a
Upromise account, (if you're not already a member) and then
link your student loan account to your Upromise account. Once
your loan has been verified, Upromise will begin making loan
repayments every time your earnings reach the payment
threshold ($50 the first time and $25 every time thereafter).
If companies want to give you money to buy the products that
you use anyway, it would be foolish not to take advantage of
it.
I did not know this so I went ahead and set up an account for myself and linked my student loan to it.
Neat-O!
Windy

I was coming here to post the same thing! Although it is limited to certain student loans right? Mine is service through Direct Federal Loans and I didn't think I could link.
Taleyna
I did read that and went ahead and signed up my account. We'll see if it goes through. If not, hopefully someone else will find the information useful.
Windy
Windy, thank you for the information!!
I have a UPromise account set up for my son...but not one for ME!
Could someone explain to me how you accrue $$ though? I used to be able to buy McDonald's gift books and use the codes in the back of the book to accrue $$, but now most McDonald's are using the Cards and not the books. That was the only way I knew how to add to his UPromise account.
Thanks
~Aravis~
If you go to the website, they explain all of the different ways to accrue funds. You can register your credit cards and grocery store loyalty cards to earn money for the qualifying items. There is simply too much information to write here.
Good luck!
Windy
I signed up for U-Promise about a year ago. I must not be buying the right products to reap the benefits because my balance is under $2.00. Maybe my son will be able to buy a pencil for college with it. LOL! :-D
Pat :-D
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