Does anyone use Upromise?

[baconbits]

 We've been using Upromise the last few years and only gotten a couple hundred off my dd's student loan. Which is nice since it's money I didn't have to spend extra but has anyone had any BIG savings from them?

Since we are paying off the student loan I'm switching it over to one of our grandkids that we are raising. Now it's a matter of figuring out which one. The youngest we're not real worried about since she has money coming from insurance from where her father was killed in an accident. That leaves the older 2. Which one would you sign up for it?

[QuiltLover]

I have never heard of it, exactly what is it?

[momofsixangels]

Dont know what it is

[HisSweetheart07]

don't use it. 

But I would put it on the oldest - at least that way if she doesn't use it you can transfer it into the second oldest child's name. 

[XVAmomma]

1st tine for me too.

Quoting QuiltLover:

I have never heard of it, exactly what is it?

[QuiltLover]

I googled it, I see what it is now...no, have never used it...My kids are grown and gone.

[gmadiane]

I have never heard of it

[oddfox]

It depends on how much difference in ages there is between the two oldest kids. If they are close, I'd put it in the eldest's name and use half for them and save the rest for the second one. But if there is a large stretch I'd save for the eldest, use it all, then start saving for the second after that.

 

[momofsixangels]

Quoting oddfox:

It depends on how much difference in ages there is between the two oldest kids. If they are close, I'd put it in the eldest's name and use half for them and save the rest for the second one. But if there is a large stretch I'd save for the eldest, use it all, then start saving for the second after that.

Sounds confusing.lol

[allyn9]

I have a Upromise account and have it split to do 50% for each of my two children.  Why don't you consider doing that - one account, split 50 -50.

[baconbits]

 Didn't realize that I could split it. That's what I'll do. Thanks for letting me know.

 

I have a Upromise account and have it split to do 50% for each of my two children.  Why don't you consider doing that - one account, split 50 -50.