How It Works
SIMPLE SIGN UP – CollegeBacker helps you set up a college fund with one of the country’s best 529 plans in under 5 minutes. We remove the complexity and guesswork so you can focus on what matters: saving for your child’s education.
NO SERVICE FEES – Our service is free. Unlike other apps that charge a mandatory monthly fee or asset-based fee that would eat into your returns, we make money from the generosity of our customers. You can choose to give CollegeBacker a voluntary tip when you make contributions to your fund, and these tips support our mission of making college accessible to low-income families around the country.
SMART INVESTMENTS – Answer a few simple questions and CollegeBacker will help you choose the investment option right for your child. We only recommend a low-cost, highly-rated 529 plan and will help you choose a portfolio that automatically reduces risk as your child ages.
EASY CONTRIBUTIONS – Connect your bank account via online banking to set up one-time or automatic contributions, or contribute via credit or debit card. Start contributing with as little as $5. Set up monthly contributions and you’ll be surprised to see how quickly they add up!
GROW FASTER WITH GIFTS – CollegeBacker is all about teamwork. Your child gets a beautiful gifting page – CollegeBacker.com/name – that you can text to family and friends or include in birthday party invitations. On average, CollegeBacker families save 43% more than traditional savers by leveraging their gifting page to involve family and friends. Best of all, these “backers” can contribute regularly and stay in the loop as your family prepares for college. When it’s time to leave the nest, your child will know whom to thank!
“This is the perfect solution for parties, holidays, and graduations!” – The College Investor
SEED A FRIEND’S FUND – You’re ahead of the curve with a college fund for your child, but your friend or family member might not be. We make it easy to send a gift that can be redeemed into a brand new CollegeBacker fund for the child. And you’ll be that child’s very first backer!
SECURITY – CollegeBacker employs 256-bit encryption and bank-level security practices to keep your sensitive financial data safe.
QUESTIONS – We’d love to answer any questions you have. Check out our FAQs at CollegeBacker.com/FAQ or reach us at support@collegebacker.com.
Disclosures: This app is operated by Principly, Inc., an SEC-registered investment adviser using the trade name CollegeBacker. Investing involves risks, and any account you open or send money to may lose value. Investing in 529 plans in particular involves certain tax considerations and related risks. All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. For more disclosures, see collegebacker.com/legal. “CollegeBacker” is a registered trademark of Principly, Inc. Copyright © 2019.