tag:blogger.com,1999:blog-29579128.post115998566987417205..comments2023-12-24T02:29:14.724-05:00Comments on Penny Foolish: Upromise will pay off your student loan! .... Someday!Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-29579128.post-1161108931213125072006-10-17T14:15:00.000-04:002006-10-17T14:15:00.000-04:00I joined Upromise about a year and half ago. I hav...I joined Upromise about a year and half ago. I have cashed out $189.60, I have another $5.54 in my account, and $28.38 is pending. I have had a couple friends sign up but not too many.<BR/><BR/>The only reason I was able to cash out so much in a short time was because I had the Upromise Citi card for a while, which gives 1% on every purchase and 10% on the Upromise-affiliated purchases at your grocery store. But when I found out about the Fidelity MBNA card which puts 2% on everything into a 529 at Fidelity, I decided it was a better deal, because I rarely buy the name-brand groceries that would give me a 10% kickback.<BR/><BR/>I occasionally shop thru the Upromise website (if Evreward.com doesn't reveal that Ebates or somebody has a better reward). When I have enough to bother with in my Upromise account, I request a check and deposit it into my son's Fidelity 529. The rewards from the Fidelity card get automatically put in the 529 account quarterly.Tiredbuthappyhttps://www.blogger.com/profile/17292908687495239545noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1161099279794986922006-10-17T11:34:00.000-04:002006-10-17T11:34:00.000-04:00Wow, what a useful idea. I'm gonna investigate. T...Wow, what a useful idea. I'm gonna investigate. Thanks so much.Chancehttps://www.blogger.com/profile/03300488057588429614noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1160085393486351662006-10-05T17:56:00.000-04:002006-10-05T17:56:00.000-04:00The accounts you can use are these:The Vanguard 52...The accounts you can use are these:<BR/><BR/>The Vanguard 529 College Savings Plan<BR/>The Columbia 529 Plan<BR/>CollegeSense 529 Higher Education Savings Plan<BR/>New York's 529 College Savings Program Direct Plan<BR/>New York's 529 College Savings Program Advisor Plan<BR/>College Savings Iowa 529 Plan<BR/>USAA College Savings Plan<BR/>CollegeInvest Direct Portfolio College Savings Plan<BR/>The GIFT College Investing Plan<BR/>North Carolina's National College Savings Program<BR/>MOST - Missouri's 529 College Savings Plan<BR/>MOST - Missouri's 529 Advisor Plan<BR/>Pennsylvania TAP Guaranteed Savings Plan <BR/><BR/>Probably in the future they will expand the list, and in the meantime you can join and start racking up money, which can either be deposited once they actually add your provider, or you can just withdraw it as a check and send it in.Kirahttps://www.blogger.com/profile/05991840729281607982noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1160080893021436212006-10-05T16:41:00.000-04:002006-10-05T16:41:00.000-04:00I'm real new ot the 529 plans. I opened one for m...I'm real new ot the 529 plans. I opened one for my grandson with Fidelity. Can I use Upromise to have money sent to the Fidelity plan? Or do I have to open a 529 with Vanguard?<BR/><BR/>Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1159989673446798482006-10-04T15:21:00.000-04:002006-10-04T15:21:00.000-04:00I just got my first transfer balance from Upromise...I just got my first transfer balance from Upromise ($62.70-ish) and it "only" took me 20 months...but I use their links to shop online a lot and that's where I got a lot of my bonuses. But since I have an AES loan i'm not sure if they'll keep that option open to me in the future (they HAVE been bought by Sallie Mae)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1159988735660866182006-10-04T15:05:00.000-04:002006-10-04T15:05:00.000-04:00Here's what the website says:Upromise Student Loan...Here's what the website says:<BR/><BR/>Upromise Student Loans and loans from the following loan servicers are eligible: <BR/><BR/>AES <BR/>MOHELA <BR/>EdFinancial <BR/>Iowa Student Loan <BR/>ISM Education Loans <BR/>Student Assistance Foundation <BR/>Xpress Loan ServicingSM <BR/><BR/>I hadn't heard about them getting bought, but I'd be appreciative if I could pay my Sallie Mae loans with it. =P At this point it looks like just taking the money out would be easier.Kirahttps://www.blogger.com/profile/05991840729281607982noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1159988181890025782006-10-04T14:56:00.000-04:002006-10-04T14:56:00.000-04:00One of my girlfriends uses a UPromise rewards card...One of my girlfriends uses a UPromise rewards card and with it, they're paying off a chunk of her husband's grad school tuition. I think if you plan it out right, it might actually be useful, though I see your points about student loans that have already been incurred and the availability of participating merchants.<BR/><BR/>The question is, now that they've been bought by either Freddie Mac or Sallie Mae, do you think that will improve? (I am pretty sure it's Sallie Mae, but I've forgotten.)mapgirlhttps://www.blogger.com/profile/06141234159609900257noreply@blogger.com