If you are a Pennsylvania resident, you might automatically think of the PA 529 plan. But is that really the best option for you? In this article, we do a tear-down of Pennsylvania’s offerings and highlight what you need to know about tax deductions, fees, usability, and other considerations. THE VERDICT: Pennsylvania residents should consider […]
About Abby Chao
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Entries by Abby Chao
So, you’ve decided to start saving for your child’s college. Great! Maybe you’ve paid off your own student loans and you want to save your kids from the same fate. Or maybe the grandparents keep hinting that it’s time to get started. Or you simply want to do the right thing for your kid. But […]
MYTH: Saving in a 529 College Savings Plan ruins your child’s ability to qualify financial aid, so you should not save for college. FACT: Saving in a 529 has a minimal impact on financial aid, but MAJOR impact on your child’s ability to graduate debt-free. It’s true that a 529 College Savings Plan has a […]
With tax benefits and investment gains, a 529 College Savings Plan is often the best way to save for college. But before you start saving with CollegeBacker, you want to know the rules. We explain it all here. Here’s what you need to know: You can always withdraw your original contribution (the “principal”) without additional […]
We believe that our vision – a college fund for every child – starts with our own communities. For months, our users have been asking for an easy way to help their friends and family members save for college. (We’ve wanted a way to send gifts to our nieces and nephews too, to be honest.) […]