Investing in Rewarding Moments: Prodege acquires popular education-savings rewards business Upromise

prnewswire | June 02, 2020

Prodege, a leading online consumer-rewards platform, announced today that it has acquired Upromise, Inc., a leading college education-savings rewards business, from SLM Corporation (Sallie Mae).  This acquisition furthers Prodege's mission to "Create Rewarding Moments" for its over 120 million registered members worldwide. Upromise provides unique opportunities for consumers to earn cash-back rewards for spending, shopping, dining out, and other activities, and then automatically deposit those rewards as contributions to any linked 529 Plan education savings account.  Those contributions can be invested and will grow tax-free over the years, and then can be withdrawn tax-free for qualified education expenses, including tuition, fees, books and room, and board.

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Imagine with Microsoft Education and explore the possibilities of what you can create in your classroom and educational institutions.

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Imagine with Microsoft Education and explore the possibilities of what you can create in your classroom and educational institutions.

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