Edhance Rolls Out a Convenient Way for College Students to Save Money for Back-to-School

CAMBRIDGE, Mass., Aug. 4 /PRNewswire/ -- Edhance, Inc. (www.edhance.com) today announced the official launch of the largest student rewards program in the United States just in time for back-to-school.  College students can sign up for the Edhance service with an existing credit card and automatically receive discounts with participating retail partners, which means there is no extra card to sign up for or forget in the dorm room.  Edhance has exclusive partnerships with national, regional and local retailers and restaurants so college students can save on everything from textbooks and computers to haircuts and clothes.

"College students spend an average of $306 billion a year, and now more than ever they are counting every penny; our service enables students to save on all of their back-to-school needs this fall and throughout the school year," said Bjorn Larsen, President of Edhance.  "We are excited to offer students a wide variety of discounts at restaurants like Denny's and online retailers including Walmart, Barnes & Noble and Old Navy."

According to this year's survey from Alloy Media + Marketing, the 16 million college students heading back to campus this fall have an annual discretionary spending power of more than $69 billion; and these students can receive discounts from 5 to 50 percent using any of their existing debit or credit cards at select in-store merchants, or shop online via the Edhance website.  Students can register up to five payment cards with Edhance and each time a purchase is made at a participating merchant, a discount is applied to the student's online account.  After accruing $10 or more in cash savings, depending on the member's preference, a credit is automatically transferred back to the student's payment card of choice.  There is no redemption process.  Students go through a simple, one-time registration process at Edhance.com to participate, and can check their cash savings balance at any time.

For more information, please visit www.edhance.com.

SOURCE Edhance, Inc.