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Press release from Business Wire

Upromise by Sallie Mae Awards $15,000 Each to Help a D.C. Entrepreneur and Kansas City Chemist Pay Down their Student Loans

<p class='bwalignc'> <i><b>Grand Prize Winners Announced in the “Lighten Your Loan” Giveaway</b></i> </p>

Wednesday, August 07, 2013

Upromise by Sallie Mae Awards $15,000 Each to Help a D.C. Entrepreneur and Kansas City Chemist Pay Down their Student Loans

11:23 EDT Wednesday, August 07, 2013

NEWARK, Del. (Business Wire) -- Upromise by Sallie Mae today made paying back student loans easier for Kassie Wolfinger, a University of Missouri-Kansas City graduate from Kansas City, Mo., and Jason Story, a Culinary Institute of America graduate from Washington, D.C., both of whom won $15,000 from the “Lighten Your Loan” giveaway.

“I took out a Sallie Mae loan to finish school more quickly and then started using Upromise to save money on everyday purchases,” said Story, the founder of Three Little Pigs Charcuterie & Salumi, in Washington, D.C. “My education prepared me to be able to open my own business last year, and winning $15,000 will help me pay off my student loan faster and help my wife and me grow our business.”

Sallie Mae customers could enter to win the grand prize every time they managed their account online, shopped through, or used their Upromise rewards to pay down their Sallie Mae loan.

“I already loved Upromise for helping me save, but the money I won in this giveaway will help me pay off the majority of my remaining loan taken out to study abroad during college,” said Wolfinger, a Spanish and chemistry double major who works as a senior clinical trials assistant. “I'm looking forward to using this prize alongside my continued Upromise rewards to save for my first child's education.”

Upromise by Sallie Mae is free to join, and members have earned more than $750 million in cash for college since 2001. Whether saving for a child's college education, paying for a child now in school, or repaying student loans, Upromise members can earn 5 percent or more cash back for college through everyday purchases by shopping online at hundreds of major retailers.

Upromise cash rewards can be invested in a tax-deferred 529 college savings plan, deposited into a Sallie Mae High-Yield Savings Account, used to help pay down an eligible Sallie Mae student loan, or sent to members in the form of a check.

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 Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Debby Hohler, 617-454-6741

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