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Upromise Snapshot
Upromise doesn't promise to pay for your kid's education -- but it might help. By joining Upromise, customers receive rebates on purchases from thousands of retailers, restaurants, grocery stores, and companies -- ranging from Exxon Mobil (1 cent per gallon) to Bed Bath & Beyond (1% on purchases) -- that are credited to a college savings account. Upromise manages about $19 billion in 529 college savings plans (tax-advantaged investment programs for future higher education expenses). Upromise is owned by education financier SLM Corporation (known as Sallie Mae).
