I owe a lot of money in student loans. A lot. I’ll take nearly any help I can get paying them down. Upromise to the rescue!
Because I have some loans serviced by Sallie Mae, I can transfer my Upromise account monies to my loans. I’m pretty sure it works like this:
- Open an Upromise account
- Link your credit cards to your Upromise account
- Shop at stores that contribute to Upromise accounts
- Small percentages of your purchases get put into your Upromise account
- Transfer your Upromise account money to your Sallie Mae-serviced loan
- Repeat steps 3-6
See, free and simple. You can also get your friends and family to sign up so that percentages of their purchases go to your Upromise account too. Thanks, family! Mine came out like gangbusters and signed up right away. Let me know if you have no loans and no one else to support via Upromise; I’d love to get a piece of your shopping too. 🙂 Upromise is good for people planning to go to school too, but I don’t know all the details there.
Oh, I almost forgot. Upromise partners with restaurants and bars too. That’s right. 4% of what you eat out or drink can go to your savings account. Woot! Ann Arbor restaurants and bars include aut bar, Arbor Brewing Company, Leopold Bros., and Scorekeepers. There are more, but that’s a start. Again, woot!