While many Americans may be busy this March filling out their college basketball brackets, Upromise by Sallie Mae is offering families more than recognition for picking that unlikely upset. Upromise by Sallie Mae's "Bonus College Savings Month" will supercharge savings for members, increasing cash back amounts from 5 to 20 percent of online purchases at more than 100 retailers.

Each week in March, a different Upromise by Sallie Mae retail partner will reward Upromise members shopping online 10 percent cash back, and 20 percent back for Upromise World MasterCard holders. Weekly featured partners include Macy's, Lands' End, Groupon and Under Armour. Members can track participating retail partners at Upromise.com.

"The chances of filling out that perfect bracket are slim, but the chances of saving more for college this March are high and it won't require an advanced degree in bracketology," said Erin Condon, president, Upromise by Sallie Mae. "It's clear that saving for college is critical and every bit counts. Through Upromise by Sallie Mae, families can get a head start on saving by shopping for their everyday purchases or dining at their favorite restaurants. And if you haven't already begun, Upromise's Bonus College Savings Month is a great time to start!"

Free and easy to join, Upromise by Sallie Mae allows families to earn cash back for college from everyday purchases by shopping online with partners such as Land's End, WalMart.com and BestBuy.com. Through Upromise, shoppers earn real cash rewards that can be put towards saving and paying for college including repayment of an eligible student loan, a Sallie Mae high-yield savings account, eligible 529 college savings plans or even cash back in the form of a check.

To date, Upromise members have collectively earned more than $900 million. To learn more, visit Upromise.com.

Sallie Mae  (NASDAQ: SLM) is the nation's saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Copyright Business Wire 2010