AOL pitches in on college savings accounts

Posted by in Uncategorized May 4th, 2004

Thought this would be of interest to anyone looking at saving for school … from the New York Times, via Educause.

AOL PROGRAM ENCOURAGES COLLEGE SAVINGS ACCOUNTS
AOL has announced the expansion of a program with a company called Upromise that helps consumers create college savings accounts. Upromise offers a service in which consumers who have registered with the company receive rebates from participating merchants. Businesses included in the Upromise service offer rebates of up to 10 percent of purchase amounts and deposit those rebates into college savings accounts. Under the new arrangement, AOL will double the amount of the Upromise rebates for AOL subscribers. Previously only available to new AOL customers, the bonus is now an option for all subscribers. According to AOL, more than one million of its 24 million subscribers are part of the program. Upromise, which was started in 2001, has more than 2.5 million subscribers.New York Times, 3 May 2004 (registration req'd)
http://www.nytimes.com/2004/05/03/technology/03aol.html

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