Upromise - learn about Upromise and saving for college

Accessibility links:

For assistance, please call Customer Care, Monday through Friday from 9 AM to 9 PM EST at
1-800-UPROMISE or email us.

Invest In Their Future

Need a 529 Plan?

See if your state-sponsored plan offers a tax incentive or other resident benefits.1

Already Have a 529?

Steadily fuel your 529 account with your cash back earnings from the things you're already doing and buying.2

Link Your 529

Learn the Ins and Outs of 529 Plans

You may be wondering things like

  • What's a 529 plan and how can it help me save for college?
  • Can I only use a 529 plan to pay for state schools?
  • Is 529 plan money just for tuition?

Learn More about 529 Plans

Cash Back Earnings Can Boost 529 Savings

Imagine that over the course of 18 years, you invested $50 a month in a 529 plan, plus $50 a quarter in Upromise cash back earnings. At an annual 4% rate of return, that would bring you to $18,469 total.3 So don't miss out on the cash back earnings Upromise can kick in.

529 Savings Chart

Before investing in any 529 plan, please consider whether your or the designated beneficiary's home state offers its taxpayers any benefits that are only available through that state's 529 plan. Investment objectives, risks, charges, expenses, and other important information are included in each 529 plan's offering statement; please read and consider it carefully before investing in a 529 plan.

When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Investment returns are not guaranteed, and you could lose money by investing in a 529 plan. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.

1 The availability of tax or other benefits may be contingent on meeting other requirements. Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. You may also contact your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits and limitations.

2 Upromise earnings may be swept into 529 plans administered by Ascensus College Savings and is subject to minimum transfer amounts. For more information about 529 plans managed or administered by Ascensus College Savings, please call 1.877.529.2980 or click here.

3 Illustration assumes a rate of return of 4% annually with all interest and dividends reinvested and does not represent the return on any particular investment. The 529 account owner makes a $50 initial deposit when the student is born and continues to make $50 monthly deposits for 18 years. Additionally, the 529 account owner joins Upromise and transfers $50 each quarter in Upromise cash back earnings to the 529 account. Individual transfers will vary depending on spending habits and level of engagement in Upromise, and there is no guarantee that you will earn $50 through Upromise in a particular quarter. Assumptions are supported by historical Upromise cash transfers to 529 plans and average 529 plan savings rates as reported in Sallie Mae's report on How America Saves 2015. The final account balance does not reflect any taxes or penalties that may be due upon distribution.