Sallie Mae Encourages Saving for College in Celebration of America Saves Week
February 20 2012 - 11:45AM
Business Wire
Sallie Mae, the nation’s No. 1 financial services company
specializing in education, celebrates America Saves Week, Feb.
19-26, by encouraging more Americans to save for their
education.
To assist families in achieving their saving for college goals,
Sallie Mae has unveiled a redesigned Upromise.com that enables
parents saving for college, students in college, and student loan
customers repaying their loans to more easily find opportunities to
earn cash back for college. Since Upromise was created in 2001,
members have earned a total of $660 million.
“Saving little by little can add up to a lot,” said Jack
Remondi, president and COO, Sallie Mae. “America Saves Week is a
good time to start a habit of saving for college or give your
family budget a college savings tune-up.”
According to Sallie Mae’s national study of college students and
parents, “How America Pays for College,” 66 percent of parents rely
on college savings and income to pay for college. For families who
used them, 529 college savings plans provided the highest average
amount ($9,729) toward paying for college than any other source of
paying-for-college funding.
Upromise by Sallie Mae can help members boost college savings by
earning cash back for college when they shop online, dine out or
book travel at hundreds of participating companies. Upromise
members put their earnings to use in 2011 by transferring nearly
$24 million into 529 college savings plans administered by Upromise
Investments, $5 million to pay down Sallie Mae student loans and
$2.5 million in FDIC-insured Sallie Mae High-Yield Savings Accounts
offered through Sallie Mae Bank.
To encourage successful saving, as part of America Saves Week
2012, Sallie Mae will co-host an online event with the America
Saves coalition and personal finance blogger Philip Taylor of
PTmoney.com. Each co-host will provide tips on how to achieve
savings goals and will be available to answer questions on Tuesday,
Feb. 21, from 8-9 p.m. EST on Twitter at #SallieMaeSaves.
Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial
services company specializing in education. Whether college is a
long way off or just around the corner, Sallie Mae turns education
dreams into reality for its 25 million customers. With products and
services that include college savings programs, scholarship search
tools, education loans, tuition insurance, and online banking,
Sallie Mae offers solutions that help families save, plan, and pay
for college. Sallie Mae also provides financial services to
hundreds of college campuses as well as to federal and state
governments. Learn more at SallieMae.com. Commonly known as Sallie
Mae, SLM Corporation and its subsidiaries are not sponsored by or
agencies of the United States of America.
SLM (NASDAQ:SLM)
Historical Stock Chart
From Apr 2024 to May 2024
SLM (NASDAQ:SLM)
Historical Stock Chart
From May 2023 to May 2024