The Gift They Won't Outgrow

The Gift They Won't Outgrow

Help nurture your CollegeBound 529 by setting up reccurring contributions, and utilizing Ugift & Upromise.

Finally, a present they won't outgrow.

Ugift is a convenient, free-to-use service that lets family and friends contribute to your child's CollegeBound 529 account. There are no registration or service fees for gift givers, and no added paperwork for you. 

How Ugift Works:

Open an Account

After you open a CollegeBound 529 account, you will receive a Ugift code specific to your account's beneficiary.

Share your Code

To share your unique code with family and friends via email, Facebook, or Twitter, Log In to your account and select "Ugift." You can also share your code over the phone or in person.

Receive Contributions

Once your family and friends have your Ugift code in hand, they can visit Ugift529.com to make a gift contribution.

Shop and Save for College

Upromise is a rewards program that believes everyone should have a chance to go to college and pursue his or her dreams. Since 2001, Upromise has helped its members earn millions in cash back for college from eligable purchases you most likely make every day.

How Upromise Works:

Open an Account

Join Upromise for free. Visit Upromise.com for more information and to enroll in the program. Signing up is fast, easy, and secure.

Make Purchases

Do what you normally do — buy groceries, shop online, book travel, dine at restaurants and more — through participating partners. A percentage of your eligible spending will be deposited in your Upromise account. 

Receive Contributions

You can easily link your Upromise account with your eligible 529 account and have your college savings automatically transferred into your CollegeBound 529 account.1

Set up recurring contributions.

If you currently have an account, you can set up contributions online.  Use the chart to see how monthly contributions can add up over time.

Amount saved per month:
Amt/month ($) 5 years 10 years 18 years
25 1737.14 4061.84 9523.99
50 3474.29 8123.67 19047.97
75 5211.43 12185.51 28571.96
100 6948.58 16247.34 38095.94
125 8685.72 20309.18 47619.93
150 10422.87 24371.02 57143.91
175 12160.01 28432.85 66667.9
200 13897.16 32494.69 76191.88

Source: Invesco. Hypothetical examples and estimates of a 6% average annual total return are for illustrative purposes only and are not intended to represent actual performance of any particular investment product or real investor. Your actual return isn't likely to be constant from year to year, and there is no guarantee that a specific rate of return will be achieved.

1Upromise is an optional service offered by Upromise, Inc., is separate from CollegeBound 529, and is not affiliated with the Program Manager or the State of Rhode Island. Terms and conditions apply to the Upromise service. Participating companies, contribution levels, and terms and conditions are subject to change at any time without notice. Transfers from Upromise to a CollegeBound 529 account are subject to a $25 minimum. Upromise and the Upromise logo are registered service marks of Upromise, Inc.