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Sallie Mae Launches New Rewards App

Friday, April 29, 2011 5:02:00 AM PDT | VentureDeal Staff

   Newark, Delaware  --  Education loan company Sally Mae (NYSE: SLM) has announced the launch of a new smartphone application for college students.

Called Upromise, the location-based service searches nearby restaurants, retailers and other service locations offering rewards.

When a user makes an eligible purchase, they earn rewards that can be used to pay down a student loan or receive cash.

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