NEWTON, Mass., July 7, 2009 – Amongst unprecedented competition for college scholarships and financial aid, Shelontae Carter of Washington, DC has been awarded a $2,500 scholarship from Upromise, Inc., Sallie Mae’s saving-for-college company. Today, Upromise named the 200 winners nationwide who will receive grants for the 2009-2010 academic year. The Upromise Scholarship supports its members’ pursuit of a college education and is based on both need and merit.

From Alabama to Wisconsin, 200 hard-working students across the nation are one step closer to realizing their dreams of funding a higher education. The grants are made possible through partnerships with many of America’s leading brands, including lead sponsors Bank of America and Bed Bath & Beyond®. Additional support is provided by Canon U.S.A., Inc.’s eStore.com, Kaplan, Rewards NetworkSM and Sallie Mae.

“This year we saw a tremendous increase in applicants, clearly demonstrating the increased need for help saving and paying for college,” said Upromise President David Rochon. “We believe the opportunity to learn should not be hindered by affordability, which is why we doubled the total amount of this year’s scholarships.”

To qualify, students needed to be a Upromise member or child of a Upromise member (membership is free at Upromise.com), have a combined household income of $65,000 or less and a minimum cumulative grade point average of 3.0 on a 4.0 scale. Recipients are high school seniors or graduates enrolled for the approaching academic year or who are already enrolled in full-time undergraduate study at an accredited two-year or four-year college, university or vocational-technical school. For a complete listing of scholarship recipients, visit www.upromise.com/scholarship

About Upromise

Launched in April 2001, today Upromise is a major, private source of college funding contributions in America, with over 10 million members and more than $475 million in member rewards. Membership is free and can help families save money for college while making everyday purchases of products and services at more than 21,000 grocery and drug stores, 10,000 gas stations, 8,500 restaurants, as well as thousands of retail stores, and over 600 online shopping sites. Upromise participating companies include Bank of America, ExxonMobil Corporation, Bed Bath & Beyond®, McDonald’s®, JCPenney.com, LandsEnd.com, Sears.com, and hundreds of others. Upromise also makes it easy for families to start their own college savings strategy through tax-advantaged 529 college savings plans offered through Upromise Investments, Inc. or by using Upromise contributions to help pay down eligible student loans. Upromise is a wholly owned subsidiary of SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, the nation’s leading provider of saving-and-paying-for-college programs. Upromise is headquartered in Newton, Mass., and has more than 350 employees. For additional information, visit upromise.com.

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