Two year old Phoenix of Elkins, West Virginia is now $10,000 closer to college thanks to Sallie Mae’s Banking on the Future Sweepstakes

Category:

Monday, May 12, 2014 11:37 am EDT

Dateline:

NEWARK, Del.

Public Company Information:

NASDAQ:
SLM
"This money will make an amazing difference in our lives, and I plan to use it to better my two-year-old daughter's life"

NEWARK, Del.--(BUSINESS WIRE)--Preparing for her two-year-old daughter’s college education just became easier for Jasmine Austin of Elkins, WV with $10,000 in college savings in her Sallie Mae High-Yield Savings Account.

Jasmine, a stay-at-home mom, was selected from thousands of entries as the winner of Sallie Mae’s Banking on the Future Sweepstakes. Launched this winter during “America Saves Week,” the sweepstakes sought to inspire more parents to make their money go further and save. Entrants were asked to share their inspirational story or tip to help others start or grow a college savings fund. Jasmine advises others to start saving for college as soon find out you are expecting a child.

“This money will make an amazing difference in our lives, and I plan to use it to better my two-year-old daughter's life,” said Jasmine. “My dream for my daughter is to go into medicine and help people.”

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 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 deposit products, including the High-Yield Savings Account, are offered through Sallie Mae Bank, member FDIC.

Join the conversation on how to save, plan and pay for college at Facebook.com/SallieMae and 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. With products and services that include Upromise rewards, scholarship search and planning tools, private education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. 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.

Contact:

Sallie Mae
Debby Hohler, 617-454-6741
dhohler@upromise.com