Closing the College Savings Gap

Parents and children should consider all options to pay for education. A wealth of information on education finance is available from Web sites operated by the College Board (www.collegeboard.com) and College Is Possible (www.collegeispossible.org). Now there’s a new option – rebates on everyday purchases. A new company called Upromise has brought together companies to address the goal of affording a college education. Spending with major retailers, service companies, grocery stores, restaurants, online companies and real estate agents can accumulate over the years. When customers buy gasoline at Exxon and Mobil branded service stations, a portion of the sale is contributed to the customer’s Upromise college savings account.