Thursday, March 12, 2009

Sallie Mae Shares ‘How to Save, Plan and Pay for College’ Information on Television’s Designing Spaces

(BUSINESS WIRE)--Sallie Mae, the nation’s leading saving- and paying-for-college company, and Designing Spaces, a popular television series that inspires viewers to make every space count and to enjoy the space they live in, today unveiled a “How to Save, Plan and Pay for College” segment to help viewers get important information for their college investment.

The segment, which aired on the WE network and The Learning Channel (TLC) and is available at www.SallieMae.com/designingspaces, explains when and how families may begin saving for college, how to estimate college costs, what financial aid is and how to apply for it, and where to go for more assistance.

“We are thrilled about our partnership with Sallie Mae,” said Lysa Liemer, executive vice president of Quorum Productions, Inc., Designing Spaces’ production company. “They offer a wealth of information for parents who are preparing and saving for college. With easy tutorials and step-by-step solutions, Sallie Mae alleviates all of the concerns and confusion to help parents secure their children’s future. It’s never too early to start!”

The segment emphasizes the importance of scholarships, which do not need to be repaid, offers viewers tips for jumpstarting college savings and suggests the Upromise Rewards Program as a free way for families to earn rewards on their everyday purchases. In addition, it educates viewers on tuition payment plans, an interest-free alternative for families who want to pay education costs in monthly installments.

“In these tough economic times, we feel even more strongly about sharing information about college access and affordability with students and their families,” said Barry Feierstein, executive vice president, Sallie Mae. “Parents and students overwhelmingly believe that college is an investment in one’s future. We agree and are here to help them keep that investment manageable.”

According to Sallie Mae’s How America Pays for College study, conducted by Gallup, 75 percent of parents agreed that they were willing to stretch financially for the best opportunity for their child. To help families determine the full cost of college and build a plan to pay for it, the Designing Spaces show references Sallie Mae’s free Education Investment Planner available at www.SallieMae.com/plan.

Sallie Mae champions a “1-2-3 approach” to paying for college: first, tap “free money” such as grants and scholarships; second, fully explore federal loans; third, fill any gap with private student loans.

Created by Quorum Productions, Designing Spaces is a half-hour informative series that inspires viewers to make every space count and instructs them on the smartest ways to make their homes more beautiful and functional. From advice on large scale renovations to small modifications, simple tips on making everyday tasks easier to decorating on a budget, this is the one show that provides you with all the comprehensive information you'll need, presented in a fun, easy-to-follow format. Designing Spaces is seen Friday, Saturday and Sunday mornings on TLC and on the Women's Entertainment Network between 7:00 & 10:00 am.

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