Upromise.com is one of a number of sites that help turn everyday spending into money for college. Once you’ve set up an account, every online purchase you make through participating retailers earns you 1 percent to 25 percent in “reward dollars.” The rewards “accumulate tax-free” until they’re transferred into a Sallie Mae savings account, a tax-deferred 529 savings plan, or checks for qualifying college expenses.
Babymint.com also builds tuition savings through spending rewards. But every reward dollar you earn from participating retailers “is matched by a dollar off tuition” at more than 175 participating U.S. schools.
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