How it works: Step by Step
Sign up for a GradSave account and create a profile for your child, upload or import a picture from Facebook and add a description of your little one. You can also join our $1,000 challenge – the best way to kickstart your college savings and raise your first $1,000!
Once you’ve set up your child’s profile, it’s all about spreading the word via email, Facebook and Twitter. Encourage friends and family to give your child the lasting gift of education instead of another onesie or trinket at a gift-giving occasion. And if you’re shy about asking for the gift of college, see what other parents have to say here. Your kids will thank you when they graduate college without drowning in student loans.
Friends and family can give a gift easily via your child’s profile page (and they love that they are giving a meaningful gift). You can link your GradSave account to your 529 college savings fund at any time to transfer these college savings funds.
Watch your college savings grow as you get closer to reaching your goals. GradSave also lets you keep tabs on who’s donating to your child’s college savings plan, which makes writing thank you notes easier!
Even though GradSave isn’t a college savings plan, you can link your account to a 529 college savings plan at any time to redeem your funds. Before you transfer it to your college savings plan, your money is safely stored in a FDIC insured bank account with Bank of America. You can read more about security here.
When your child heads off to college, you can use the money in the college savings fund to pay for college expenses, such as tuition, room and board, books, computers, and other expenses. Even better, qualified withdrawals from 529 college savings plans are tax-free!