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 […]
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Entries by Abby Chao
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.) […]
So, you’ve decided to start saving for college – but you’re faced with an overwhelming number of complex options, account types, tax considerations. Isn’t there a simpler way? Yes. At CollegeBacker, we help families through this process every day. Here’s a simple, five step process to start saving for college: Learn about the best way […]
If you’re concerned about “locking up” your money in a 529 College Savings Plan, you’ve come to the right place. When considering a withdrawal from your 529, you just need to remember three things. Rule 1: You can always withdraw your original contribution (the “principal”) without additional taxes or penalties. Of course, if you […]
At CollegeBacker, we envision a future with a college fund for every child – no matter their family’s means, where they come from, or what they look like. As part of this commitment, we recently partnered with Intrepid College Prep – an innovative, high-performing school in Nashville with 87% of students coming from low-income backgrounds […]