Save for college with Upromise and drive to school in a new car! Upromise sweepstakes to award 2010 Honda Accord, other great prizes

Upromise by Sallie Mae members who download free online savings tool or fill up at participating ExxonMobil stations are automatically entered to win

Category:

Friday, June 4, 2010 8:08 am EDT

Dateline:

NEWTON, Mass.

Public Company Information:

NASDAQ:
SLM
"It’s fun to buy gas at Exxon or Mobil stations knowing each time I have a chance to win a car, $1,500 in gas or a GPS"

Tired of your ride and ready to drive to school in style? Well if you’re saving for college with Upromise, you’ve got a chance to do just that! Upromise by Sallie Mae just made saving for college even more rewarding with a new sweepstakes that will hand one lucky member the keys to a 2010 Honda Accord LX.

From now until June 8, Upromise members can get in the saving for college fast lane and possibly drive away with a new car by simply downloading TurboSaver, a free online savings reminder that alerts members of Upromise savings opportunities or by making a gas purchase at participating Exxon or Mobil gas stations using a credit or debit/ATM card registered with Upromise.

“It’s fun to buy gas at Exxon or Mobil stations knowing each time I have a chance to win a car, $1,500 in gas or a GPS,” said Sandra Walthall, mother of triplets from Charlotte, N.C., who has saved over $3,000 with Upromise.

The grand prize winner will drive away with the 2010 Honda Accord LX provided by the Upromise Auto Buying program. One first place winner will receive $1,500 in ExxonMobil gas cards from ExxonMobil, while three second prize winners will receive a Garmin Nuvi 205W GPS system provided by Liberty Mutual. Winners will be notified on or about Sept. 22, 2010.

The Upromise Auto Buying program on average saves consumers over $5,000 off MSRP[1] and has a low price guarantee on all new cars. Upromise members get $50 in college savings when purchasing a car from one of the more than 2,000 certified participating dealers. The program is powered by Zag.com, provider of auto buying programs for some of the nation’s top customer service brands.

Upromise by Sallie Mae is a program designed to help families and students plan, save and pay for college. The money earned from everyday spending with Upromise partners goes directly into a Upromise account where members can choose to invest their earnings in a high-yield savings account or tax-advantaged 529 plan; use it to pay down a student loan; or request a check that can be used for college or other expenses.

No purchase necessary. For official contest rules or to become a Upromise member, please visit www.Upromise.com.

[1] Savings off MSRP as calculated by the Upromise Auto Buying program provider and based on Kelley Blue Book and other industry sources as of 5/5/09 and average automotive manufacturer incentives in 5/09. ($2,108 average below MSRP + $3,031 average available mfg incentives = $5,139)

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. 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:

Rick Castellano (703) 984-5535