$500,000 in Scholarships

I received an email from Upromise regarding their pool of $500,000 in college scholarships. They are giving 200 of them worth $2,500 each to Upromise members. The deadline is February 28, 2009. Check out the specifics here.

Upromise is a program that takes a percentage of certain purchases (groceries, restaurants, online retailers, etc.) and deposits them towards a 529 plan or an existing student loan. There are no out-of-pocket expenses, since the vendor donates the percentage of your purchase, not you. I have all my credit cards, supermarket rewards cards, and family’s rewards cards linked to my student loans. Each quarter after a minimum of $25 in contributions has been reached, it will be credited to my student loan account. Every time I fill up on gas at Exxon, I get $.01 per gallon. That comes out to about $25 a month just from 1 vendor. Invite friends and families to link their accounts and this can rack up quickly. Watch for deals and monthly specials to really jack up the savings and contributions.

A great way to remind you of savings while purchasing online is to install their toolbar. Had I known this a few weeks ago, I could have saved 30% on a subscription I purchased and saved $90+ dollars. Get the toolbar here.

If you would like to help me out with my student loans by adding your supermarket rewards card to my account, I’d be happy to send you a referral link. I do not see any purchases you make, so your privacy is protected. Just post a comment and I will email you right away. Thanks!