I am about to take out a Sallie Mae student loan. Can I link my loan to my Upromise account right now?
You must wait until your loan is disbursed. I already have an account established to save for the future education for my youngest child, but I would like to begin to have my contributions applied to my older child’s student loan account. Is that permitted and how do I go about doing so? Yes, this is permitted, as long as the contributions have not already been transferred to a 529 account. The older child would need to enroll as a Upromise member and then invite you to contribute towards his or her loans. You would then access your Upromise account and accept your child’s invitation to direct a portion of your Upromise contributions into his/her Upromise account.
