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As College Financial Prep Season Begins, Upromise Launches $250,000 Scholarship Program and $25,000 Online Video Contest.


Programs Aim to Help Families Tackle Tuition Costs and Acquire a College Education

NEWTON, Mass. -- Upromise Inc. announces two new ways it is helping make a college education more affordable for American families American Family is a photographic artwork exhibition by Renée Cox. See also
  • An American Family, a 1973 documentary broadcast on PBS
  • , a 2002-2004 PBS drama starring Edward James Olmos and Constance Marie.
. Launching today, the Upromise Scholarship will provide $250,000 in financial assistance to eligible students seeking aid for their higher education higher education

Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art.
. In addition to the scholarship, which is based on merit and need, Upromise has created Tuition Tales, an online video contest, which will award the most compelling entry - an explanation of why the applicant or someone they know needs help financing college - with $25,000. Both programs extend Upromise's goal of making higher education more attainable to families across the country.

"Lack of adequate financial preparation for college is an epidemic in this country and Upromise is a beneficial service that gives families an easy way to jumpstart their savings," says Kevin McKinley, author of Make Your Kid a Millionaire: 11 Easy Ways Anyone Can Secure a Child's Financial Future and a Tuition Tales judge. "Both opportunities will help deserving students, providing them with the peace of mind of knowing a portion of their college tuition The examples and perspective in this article may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
College tuition
 costs will be secured."

The Upromise Scholarship was created with lead sponsor Bed Bath & Beyond[R] and support from Canon eStore, MasterCard[R], Rewards Network and 1-800-FLOWERS.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. [R]. The now annual $250,000 scholarship program will provide $2,500 grants for the 2008-09 academic year to up to 100 eligible students in need, and help hard-working, deserving students and their families earn funds toward college expenses.

The Upromise Tuition Tales contest gives Upromise members an opportunity to tell their unique story for a chance to win $25,000 toward college costs or students loans. To enter, contest participants will submit a short video clip A short video presentation.  (30 seconds or less) online through Upromise.com. Whether it's a grandmother explaining how her 3-year-old granddaughter could one day become president or a high school senior rapping about his dream to attend the school of his choice - Upromise wants to see it. The more creative, entertaining, and deserving, the better! At the conclusion of the submission process, a panel of judges Panel of Judges is an indie pop band from Melbourne, Australia. Members
  • Dion Nania (Golden Lifestyle Band) - guitar
  • Alison Bolger (Clag, Sleepy Township) - bass
  • Paul Williams (Molasses, Jaguar Is Jaguar) - drums
Discography
 will select 10 finalists and America will vote online for the winner. All 10 finalists will receive a $500 Bed Bath & Beyond[R] Gift Card and one grand prize winner will walk away with $25,000 for college expenses.

"This is the time of year when current and future college students are filing for aid, setting budgets and facing the challenge of paying the coming year's tuition," says David Rochon, president, Upromise. "Recognizing the barriers people face, we're thrilled to launch these programs and help Upromise members get even closer to achieving their goal of higher education."

Details on Upromise Scholarship:
[TABLE OMITTED]


Details on the Upromise Tuition Tales Contest:
[TABLE OMITTED]


Complete guidelines guidelines,
n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks.
, eligibility information and rules for the Upromise Scholarship and Tuition Tales can be found at Upromise.com.

About Upromise

Launched in April 2001, today Upromise is the largest private source of college funding contributions in America, with more than 8 million members and $400 million in member rewards. Membership is free and can help families save money for college while making everyday purchases of products and services at more than 21,000 grocery and drug stores, 14,000 gas stations, 8,000 restaurants, as well as thousands of retail stores, and more than 575 online shopping sites. Upromise partners include Citi[R], ExxonMobil Corporation, Bed Bath & Beyond[R], McDonald's[R], JCPenney.com, LandsEnd.com, Sears.com, and hundreds of others. Upromise also makes it easy for families to start their own college savings strategy through tax-advantaged 529 college savings plans offered through Upromise Investments, Inc. or by using Upromise contributions to help pay down eligible student loans. Upromise is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of SLM Corporation SLM Corporation, foremost provider of funding for higher education to American students; commonly known as Sallie Mae. The company, which also offers information and resources to assist students and others in obtaining funding, had a portfolio of some $127 billion in  (NYSE NYSE

See: New York Stock Exchange
: SLM See service level management system and spatial light modulator. ), commonly known as Sallie Mae Sallie Mae: see SLM Corporation. , the nation's leading provider of saving-and-paying-for-college programs. Upromise is headquartered in Newton, Mass., and has more than 350 employees. For additional information visit www.Upromise.com.
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Publication:Business Wire
Date:Jan 22, 2008
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