HARRISBURG, Pa., June 19 /PRNewswire-USNewswire/ -- American Education
Services (AES) has launched a unique student loan rebate program that
benefits student loan borrowers as they repay their AES-serviced student
StudentLoanRebates.com is a unique network of programs and merchants
offering more rebate choices than the typical single rebate program. AES
has teamed with some of the best rewards programs around, including
Upromise, the largest college savings rewards program, Grad Gold and
Jellyfish, to help student loan borrowers earn rebates while shopping.
These rebates are then applied to the borrower's AES-serviced student loan
balance, allowing them to repay their loan faster.
"No other major rebate program brings all the big players into one
convenient location," said Dick Willey, AES President and CEO.
"StudentLoanRebates.com brings multiple business partners together,
specializing in different areas of shopping, making it possible for members
to benefit without changing their shopping habits to maximize their student
loan rebate potential. Participants can repay their student loans faster --
saving money -- without costing them anything extra."
Borrowers with AES-serviced student loans can create their free account
In 2002, AES teamed up with Upromise -- allowing its members to apply
their Upromise rewards to borrower's AES-serviced loan balances. "We wanted
to build upon the success of this program and provide even more
opportunities for our borrowers to earn money back to help pay for their
education," explained Willey. "StudentLoanRebates.com is the perfect
solution -- something for everyone."
Little Grad, Inc. has partnered with AES to create a new brand, Grad
Gold, allowing members to earn rebates at more than 1,700 online merchants
at the Grad Gold online mall.
Jellyfish.com offers an innovative rewards program where members
initiate the purchase of an item that they're looking for and merchants bid
for the purchase. The purchase savings can be applied to the borrower's
student loan balance.
AES expects to add more partners and merchants to the program,
providing increased access to rebate programs and rebate choices, all from
one convenient website.
American Education Services
American Education Services (AES) is among the nation's leading
providers of student financial aid services. Each year, AES serves millions
of students and thousands of schools through its loan guaranty, servicing,
and financial aid processing systems. As a nonprofit enterprise with $94
billion in assets under management (1/31/07), AES channels its earnings
into a wide array of public service programs and initiatives that help ease
the financial burden of higher education.
Focused on guaranteeing the next generation of leaders, thinkers and
doers, AES is a pioneer of pro-student products and services, such as its
Zero Guaranty Fee Policy and low-cost student loans. From early awareness,
to managing the financial aid process and sound student debt management,
AES is a trusted source of information and advice for students, parents,
school counselors and financial aid offices across the country. AES is also
the home of the award-winning college-planning website
EducationPlanner.org, as well the debt management resource
YouCanDealWithIt.com. For more information, please visit us at
About Upromise, Inc.
Launched in April 2001, today Upromise is the country's largest private
source of college aid. Membership is free and allows families to
automatically save money for college while making everyday purchases of
products and services at more than 23,000 grocery and drug stores, 14,000
gas stations, 8,000 restaurants, as well as thousands of retail stores, and
more than 550 online shopping sites. Upromise's partners include Citi(R),
ExxonMobil Corporation, Kimberly-Clark, McDonald's(R), 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, or by using Upromise contributions to
help pay off student loans. These securities are offered through Upromise
Investments, Inc. (member NASD/SIPC). 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 was
founded in 2000, is headquartered in Newton, Mass., and has more than 350
employees. For additional information about Upromise, visit
Jellyfish is a shopping search engine powered by a patent-pending form
of online advertising that creates inherent price savings for online
shoppers and risk free sales for advertisers. The first and only comparison
shopping engine to share its advertising revenue directly with consumers,
Jellyfish has generated millions of dollars of sales for its merchant
partners and $100,000's of dollars in savings for its customers since its
beta launch in June, 2006. The company was founded by seasoned
entrepreneurs, Brian Wiegand (CEO) and Mark McGuire (President), and is
based in Madison, Wisconsin.
About Grad Gold
Grad Gold, a Little Grad company, is a free and easy service that helps
students and graduates turn their online shopping into savings that can be
used to help pay off their student debt. Members are able to earn savings
through either shopping through the Grad Gold site at
http://www.gradgold.com or by downloading and installing the Grad Gold
Savings Manager. Grad Gold offers savings with over 1600 leading merchants
-- including top retailers such as Nordstrom, Overstock, Target, Hotwire
and others. Privately held, Little Grad's executive team boasts extensive
experience in the fields of online retailing and consumer technology. For
merchants interested in joining the Grad Gold affiliate program, or for
more information, please send email to firstname.lastname@example.org or visit us on the
Web at http://www.gradgold.com. The company's headquarters are located in
San Francisco, California.
SOURCE American Education Services