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04-28-2008 03:40 PM
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04-28-2008 07:50 PM
The easiest way to explain the difference is:
Upromise - is a "savings" for college, but one that is not invested. Basically, if you earn $3000 through Upromise, then you have $3000 for college.
5-2-9 Account - is also a "savings" for college, however, they are run through some financial company and earn interest on however much money you have invested in the account. So, if you have $3000 in Upromise savings, that can get transferred into the 5-2-9 account and will earn additionaly money based on the age(s) of the child(ren) you are saving for. Also, if you have one of these accounts, you can also deposit money from out of your own pocket, in addition to having the Upromise money deposited.
You can sign up for a 5-2-9 through Upromise, although many financial companies and even most states offer these plans. You can then opt to have your Upromise earnings transferred to that account. You do have to meet a minimum dollar amount in your Upromise "funded" account in order to have that transfer. If you don't meet the minimum when the tranfer dates rolls around, it will just stay in your Upromise account until you meet the minimum.
Hope that helps.
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05-19-2008 09:19 PM
You do have to meet a minimum dollar amount in your Upromise "funded" account in order to have that transfer.
How much?
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05-28-2008 01:38 AM
I am just totally confused on how this works to help pay down your student loans. That is what I am trying to do. I have registered my bank card and my grocery card. I usually buy from ebates to get money back when shopping on-line, but I will try the link from here and see what I get. just totally confused on how this works.
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06-03-2008 04:13 PM
Hello,
Great questions, registering your cards and shopping on line through upromise.com are great ways to earn rewards. Check out the "Pay Tab" section of the website, specifically "Upromise Loan Link" to learn more about how to link and pay down your eligible student loans or click here, http://www.upromise.com/member/loans/loanLink.do
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06-04-2008 02:21 AM
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06-17-2008 07:32 PM
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07-23-2008 07:09 PM
hi,
I am in search for the same theme with Mel. We are military family going school in NE area and has been trying with both Upromise and the local commissary to link the two together for the benefits of many other military families that shop at the base commissary (as well as BaseXchange) - especialy the new military members with kids and more important yet is the new military member are at the "starting" salary and does have one or more kids in their family.
These are the folks that could use a lot of help from private and commercial organizations that make goods and provide services which so many military families uses and consumed. Can some one think of a way that the 4 parties can work to gether for the benefits of the military families like all of the non-military families enjoyed from Upromise + Groceries Stores + Name Brand Product Companies and the consumers (all of us + hoping soon to be the military families). I would appreciate any suggestion or possiblbe I deals that I can start and run with it with the local Air Force Base I am at ++ the help of UPROMISE organization. Thanks-a-Million
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07-23-2008 11:03 PM
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07-23-2008 11:06 PM
