Prodege, LLC, a leading online consumer-rewards platform, announced today that Upromise, its recently-acquired college education-savings rewards business, is launching a new Upromise $529 Scholarship program to help drive awareness of the importance of college savings and the benefits of Upromise as a boost to the funding of 529 Plans and other college savings programs. The amount of each scholarship honors the tax-advantaged “529 Plans” that are sponsored by 49 states and the District of Columbia, and that many Upromise members enroll in for college savings.
Saving for college in a 529 Plan or another dedicated savings account is a critical component for meeting educational expenses. However, recent research from Prodege reveals that around half (46-50%) of parents who have started a college fund feel they are behind in the education savings process and think their children will also need to rely on scholarships, grants and/or loans to fully fund their education. Upromise’s goal is to help fill that gap.
In the spirit of furthering Prodege’s mission to “Create Rewarding Moments”, Upromise will award five deserving families a $529 college scholarship every month. This new scholarship program will be extended to the 7.1 million registered members of its Upromise rewards program, families across America who are committed to saving for their children’s education.
“We are excited for Upromise to launch the $529 Scholarship program, giving parents an extra boost for their children’s education savings. We love introducing new opportunities for Upromise members to reach their college savings goals,” says Chuck Davis, CEO & Chairman, Prodege, LLC.
To find out more about the new Upromise $529 Scholarship program, or to enter for a chance at a scholarship for your family, visit https://www.upromise.com/s/scholarship.
Read the full press release here.
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