Upromise by Sallie Mae Earns Members $35 Million in College Savings Just by
Fueling Up at Exxon or Mobil Gas Stations
Members Fuel Their College Savings With Rewards from ExxonMobil
NEWARK, Del. -- March 4, 2013
Members of Sallie Mae’s Upromise program have earned $35 million in college
savings through cash back rewards from fuel purchases at Exxon and Mobil
stations since the program’s inception in 2001.
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.
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, said, “I often
stop for gas at ExxonMobil to contribute to my savings. 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
Upromise members earn 1 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 percent of their gas purchase
as well as 1 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
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.
*This is an active Upromise member. Individual savings depend on level of
**Requires a total purchase of 20 gallons or more per calendar month, excludes
diesel and fleet purchases
Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company
specializing in education. Celebrating 40 years of making a difference, Sallie
Mae continues to turn education dreams into reality for American families,
today serving 25 million customers. With products and services that include
529 college savings plans, Upromise rewards, scholarship search and planning
tools, education loans, 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.
Abigail Harper, 302-283-4060
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