What will you do with YOUR earnings?
The money you earn through Upromise can be used in a variety of ways. Choose one or more of the options below. It's completely up to you.
Pay Down a Loan
Pay down Sallie Mae student loans
It's easy with Upromise Loan Link®, a free service that lets you automatically transfer $25 or more each quarter from your Upromise account directly to your eligible Sallie Mae® serviced student loans.
Save & Invest
Earn even more for college
Put your Upromise earnings to work in an online High-Yield Savings Account by Sallie Mae®1 with no minimum balance and no monthly fees, or invest in a flexible, tax-advantaged 529 plan.2
Give to others
Give your savings to family & friends
Know someone who needs money for college? When they join Upromise, you can automatically transfer some or all of your savings to their account.
Collect a Check
Request a check
This is an option if you don't want to automatically invest your funds for the future or pay down student debt. You can use the money any way you want.
1 Savings Accounts and Certificates of Deposits are offered by Sallie Mae Bank®, Member FDIC.
2 Internal Revenue Code Section 529 qualified tuition programs ("529 Plans") are not FDIC insured, and carry no bank guarantee. For more information about a 529 Plan, obtain the Plan's Disclosure Statement which includes objectives, risks, charges, expenses and other important information; read and consider it carefully before investing.
Before investing in any 529 Plan, you should consider whether your or the beneficiary's home state offers a 529 Plan that provides its taxpayer with favorable state tax or other benefits that are only available through investing in the home state's 529 Plan.
Investment returns are not guaranteed and you could lose money by investing in a 529 Plan.
