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Upromise Helps Parents Save for College

September 11, 2008

By MoneyRates Team | Money Rates Columnist

Upromise is a college savings program where parents can earn college savings through their everyday spending. With over 40,000 participating retailers, parents can earn 1% t0 25% back in their purchases at grocery stores, drug stores, major retailers, travel websites, and more. The cash rewards are deposited directly into 529 plans set up for their future college students. The set-up process allows parents use new or existing 529 plans, although not all 529 plans are eligble for the program. Participating retailers with their award percentages include:

Walmart (1%)

Expedia (1%)

JC Penney (3%)

Avis (5%)

Officemax.com (2%)

Sears.com (5%)

Lands End (5%)

Bestbuy.com (3%)

iTunes (2%)

To promote the Upromise program the site is running a sweepstakes contest in which 10 winners will be awarded $10,000 each. The contest runs until September 30, 2008 so consumers still have 3 weeks to enter and is open to everyone. To enter the contest (1) Join Upromise for free and your first entry is automatic and (2) Enter again every time you make an eligible purchase from hundreds of Upromise partners. Every transaction equals one automatic entry.

More college savings programs are reviewed on the Money-Rates.com College Savings Page

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