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The student aid industry is diverse--with many loan programs offering their own unique blend of upfront and repayment benefits. Only one student aid organization has an exclusive relationship with Upromise, allowing borrowers to repay their loans faster without extra spending.

The exclusive American Education Services (AES) Upromise Program allows borrowers with AES-serviced student loans to repay their student loans faster using contributions from purchases made from participating Upromise companies. Everyday purchases--gas, groceries, dining out--can be helpful in reducing the buyer's student loan balance.

Stemming from the original Upromise model allowing parents to use contributions received from qualified purchases to save for their child's higher education. With the rising costs of tuition, many found that they had waited too long to start saving or they hadn't saved enough. The innovative AES Upromise Program takes that same unique model and comes at the problem from the opposite end; rebates can be used to repay already established AES-serviced student loans.

With tens of thousands of grocery and drug store items, and participating retail stores, services, restaurants, hotels, car rental agencies and online retailers AES borrowers can benefit with very little effort.

The numbers speak for themselves. For example, if a borrower had a $10,000 college loan at 7% over 10 years, his monthly payments would have been about $116. If he earned $10 each month in Upromise savings, he could have paid off the loan 13 months earlier. Doing so could also have saved the student an additional $470 in interest payments. Consider the benefits--especially considering that the user is buying those products and services that he always has. No new spending habits necessary.

Contribution transfers are automatically made to the holder's student loan account on a quarterly basis, as long as the student loan account has been linked to the holder's Upromise account and provided the minimum transfer requirement has been met. Upromise transfers supplement, but do not replace, the account holder's monthly payments.

"My husband and I save 3 ways: gas purchased at Exxon and Mobil locations, groceries purchased at stores connected to our loyalty "Reward" cards and the purchase of our house. The thing I like most about AES partnering with Upromise is that I get rewarded for doing everyday things. When we bought our house last November, I looked up an agent on the Upromise website and they made a $500 contribution to our Upromise account once the sale closed (contribution is based on sales price). Then when my quarterly statement came, I saw how Upromise automatically transferred my savings to pay off some of my student loan debt. It's very simple and fun to watch my Upromise account grow and my AES student loan shrink! Thanks UPROMISE and AES for a great partnership!"

Heidi C., Dallas, TX

"To best utilize Upromise, I have an extensive family and friends network. I've registered my company credit cards and dine at restaurants that participate in the Upromise Dining Program. Finally in my job, I travel a lot, and I use the gas rebates extensively. Upromise is absolutely fantastic. I wish the other company that services my student loans had Upromise, too."

Elizabeth V., Whitehouse, TX