Javascript is not enabled.

Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.

Save a Buck: Spending Cash for Tax-Free College Savings Account - AARP Bulletin Skip to content

Take the AARP Smart Driver course and you could save on auto insurance! Sign up today.

 

Cash for College

Think of it as Aunt Mary’s groceries paying for Biology 101. Thanks to Upromise, now in its ninth year, part of your everyday spending can go into a tax-free 529 college savings account. Participants register credit and debit cards with the plan. When you buy eligible items from Upromise’s partners—600 online retailers, 21,000 drugstores and groceries, 8,000 restaurants—1 percent or more (occasionally as much as 25 percent) is socked away for college.

Sid Kirchheimer writes about consumer and health issues.

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

GO TO THIS ARTICLE