Sallie Mae/Exxon help Upromise members earn $35 million in college savings through rewards.
According to the U.S. Energy Information Administration, the average U.S. household spent nearly $3,000 on gasoline in 2012. Each time Upromise members add gas to their tanks, they can add to their college savings or help pay Sallie Mae student loans.
“I often stop for gas at ExxonMobil to contribute to my savings,” said Gene H. of Exeter, N.H., an active member in the Upromise program, who has saved $8,400 for his son’s college tuition through Upromise. “As expensive as gas is, it makes me feel better every time, knowing that it’s going towards my son’s education. The savings really add up. We are now paying for my son to attend college.”
Upromise members earn one-cent per gallon cash back at participating Exxon or Mobil gas stations. To plan where to stop and save, members can download the Upromise app to easily locate the station nearest them. Members who have the Upromise MasterCard can save even more, up to 3% of their gas purchase as well as one cent per gallon.
Throughout the year, when families travel they can save for college through Upromise, in addition to earning cash back for gas purchases. Through the Upromise travel page, members can book their flight, hotel, rental car and more, all through Upromise partners. Members can also earn cash back for college at participating Upromise Dining restaurants locally during their travels.
Upromise by Sallie Mae is free to join and members have earned more than $700 million in cash for college since 2001. Money earned from qualifying purchases is accumulated in a Upromise account and can be invested in a tax-deferred 529 college savings plan, deposited into a Sallie Mae High-Yield Savings Account, used to help pay down an eligible Sallie Mae student loan, or sent to the member in the form of a check.
Sallie Mae is a financial services company specializing in education.