NEWARK, Del.--(BUSINESS WIRE)--
Half of American families are not saving for college and 47 percent of
non-savers say it’s not because of their income, according to Sallie
Mae’s “How America Saves for College” research report. As part of
“America Saves Week,” Feb. 24 -March 1, Sallie Mae today launched the
Banking on the Future Sweepstakes to inspire more parents to make their
money go further and save.
“Parents overwhelmingly say they want to help their children with
college costs, yet many put off saving because they don’t know their
best options and think their kids are too young, too old, or expect
scholarships and grants to cover the costs,” said Charlie Rocha, senior
vice president, Sallie Mae. “During America Saves Week we’re asking
families to share their savings successes to help others with first-hand
The winner will receive $10,000 in college savings deposited into a Sallie
Mae High-Yield Savings Account. To enter, visit www.shout.lt/qfK0
and share your inspirational story or tip to help others start or grow a
college savings fund. Entries must be 500 words or less. Participants
can receive extra entries when they share the sweepstakes on Facebook.
The winner will be randomly selected from entries submitted by April 4.
Complete rules are available at shout.lt/p0tW.
Sallie Mae High-Yield Savings Account holders earn .80 APY, 10 times the
current national average. They also have the opportunity to earn extra
college savings rewards through Upromise by Sallie Mae. Upromise by
Sallie Mae is free to join and members have earned more than $800
million in cash back for college through everyday purchases, online
shopping, booking travel, or dining out. Sallie Mae High-Yield savers
can also earn an extra 10 percent annual match on their Upromise
rewards. In 2013 alone, Upromise members received a total match of
$320,000 deposited into their Sallie Mae High-Yield Savings Accounts.
Sallie Mae direct banking products are FDIC-insured and include online
savings accounts and Certificates of Deposit. All products are offered
through Sallie Mae Bank.
Join the conversation on how to save, plan, and pay for college at Facebook.com%2FSallieMae&esheet=50810423&newsitemid=20140224006501&lan=en-US&anchor=Facebook.com%2FSallieMae&index=4&md5=37c79bf439cc8a8d2374160b511d0044" rel="nofollow">Facebook.com/SallieMae
and Twitter.com%2FSallieMae&esheet=50810423&newsitemid=20140224006501&lan=en-US&anchor=Twitter.com%2FSallieMae&index=5&md5=ad8029c17107800e3058b4267aed60ed" rel="nofollow">Twitter.com/SallieMae
Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services
company specializing in education. Whether college is a long way off or
just around the corner, Sallie Mae turns education dreams into reality
for American families, today serving more than 25 million customers.
With products and services that include 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.
Debby Hohler, (617) 454-6741
Source: Sallie Mae