Upromise Reaches Milestone

Citi Cards recently announced the attainment of a significant milestone:

Citi Cards is pleased to announce that its college savings contributions to Upromise members have achieved a major milestone: Upromise members using the Citi Upromise MasterCard have received $100MM in college savings contributions in under five years. Upromise is a service that allows families to save a percentage of their everyday spending as college savings with more than 450 participating companies.

$100MM equals $100,000,000 ("one hundred million") in case you wondered. Assuming annual public university tuition of $8,000, the Upromise milestone equates to about 12,500 student-years worth of public university tuition.

Congratulations to Citi Cards and Upromise on their success and for coming up with a great college savings concept...just be sure to use the program wisely.

The complete press release can be found here.