Miami, FL, August 10, 2012 --(PR.com
)-- Online Savings Registry Offers Endless Opportunities for the Gift of Education.
GradSave, the premier online college savings registry, is one of the newest and most exciting developments in saving for college. This unique model allows networks of people to pull together and contribute to a child's college fund; in essence, "crowdfunding" for education. The online platform offers parents an easy way not only to save for their child's future, but also to engage their friends and family for the common goal of a young person receiving a higher education.
GradSave was founded in 2011 with the simple notion to help friends and family give the meaningful gift of education. The company now has over 5,000 parents nationwide. "We realized there was no easy way to give the gift of college, instead of a toy that will likely be tossed aside or thrown away next year," said GradSave CEO Marcos Cordero. "So, we created a platform where friends and relatives could contribute to a child's educational future and ensure that the gifts were in fact being donated to the college fund." With college costs doubling over the next nine years, saving for college is becoming essential.
When a GradSave account is opened, parents create a child profile that includes pictures and a personalized URL for the child. Then, friends and family can be invited to contribute via popular sharing mechanisms, such as Facebook and e-mail. As time progresses, those invited can easily contribute directly to a child’s college savings plan, in lieu of gifts at birthdays, holidays, baby showers, religious ceremonies and other important events. Gift cards can even be purchased that are redeemable such as any gift card from a brick and mortar store.
"Studies show that children whose parents begin saving for higher education early on are more likely to attend college," Cordero continues, "Our goal is to make contributing to college savings a go-to gift idea so everyone can have the option of a higher education, with less debt." GradSave is dedicated to making college education an absolute for every child, not just a dream.
For parents that haven’t started yet, there is no need to already have a 529, a "child's IRA" as it's sometimes called, or any other savings plan opened to begin saving; you simply need to create a profile at GradSave.com. The savings accumulated are held until parents are ready to open a savings plan. When ready to select a 529 plan, GradSave offers PlanScout, a unique 529 selection wizard that includes scores from Morningstar and other rating agencies. From there, access is available to the education and expertise necessary to select a 529 plan that best fits, as well as to additional saving strategies for your everyday life. The selected plan is then linked to the GradSave profile so contributions are made directly to the 529 plan. The GradSave platform truly integrates saving for college into everyday life.
Gradsave is an online college savings registry that helps parents, family, and friends save for a child’s college education. Founded in 2011, the savings platform offers creative and accessible methods, including gift cards, for funds to be contributed directly to a 529 plan. Education and support for 529 selection and college saving is also available. For more information, visit us at www.gradsave.com.