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Jordan Lee
@jordanglee · Founder & CEO, CollegeBacker
Thanks Tristan!
Hi everyone!
I’m Jordan, founder and CEO of CollegeBacker.
We built CollegeBacker because saving for college is a daunting and lonely process. It’s super expensive already, will be even more expensive in 10 or 15 years, and too few parents are using the most powerful investment vehicle there is: a 529 College Savings Plan. A 529 is basical… See more
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Jordan Lee
@jordanglee · Founder & CEO, CollegeBacker
Thanks Tristan!
Hi everyone!
I’m Jordan, founder and CEO of CollegeBacker.
We built CollegeBacker because saving for college is a daunting and lonely process. It’s super expensive already, will be even more expensive in 10 or 15 years, and too few parents are using the most powerful investment vehicle there is: a 529 College Savings Plan. A 529 is basical… See more
Andrea Barrica
@abarrica · Venture Partner @500Startups
Really important to increase access to college - a shame that more people don't use 529 accounts, so excited to see how this changes how people save for college. I'd much rather contribute to my niece's college fund than only just buying her more toys.
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Tristan Pollock
@writerpollock · EIR/Venture Partner @ 500 Startups
I wish I had this when I was in college. CollegeBacker makes saving for college as easy and social as using Venmo. In just a few minutes, a parent can open a tax-free investment account (a 529 College Savings Plan), determine a savings goal, and invite family and friends to contribute. Golden.
Miguel Sebada
@miguel_sebada
Wow! This is really impressive, but (saying this as a total idiot about savings accounts). How safe is this investment? Will the money be easily accessible once the child reaches a certain age? What's the legality of this?
Nidhi V Shandilya
@nidhi_v_shandilya · Product Enthusiast
Who are you targeting as early adopters? As I see it, anyone who can do good research on 529s will most certainly opt for State 529s such as NY or RI with low fees and good managers in Vanguard and the like. Your fee is 0.5% compared to 0.16% in many state plans. For me it might not make sense to go with you which brings me to the original question - are you… See more