Open 529 college savings plans with the UNest app

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Los Angeles, April 22020 – UNest, a money-saving app, cares about the future of children studying in the United States. Because student loans are quite high in the North America region, children are often caught between paying loans and working to get on with their career. And there comes the role of the UNest application.

  

This application gives parents the autonomy to start saving for the future of their children when they want with the Unest account, which costs $ 3 per account per child. The minimum investment you can make in an account is $ 25 / month. Parents can start the investigation at any time, even if their child is a 2 year old

More importantly, money grows tax-free when used for student housing, tuition, computers, books, and other educational expenses. UNest includes a number of features like tax-free growth, easy tracking, personalized goals, personalized portfolio, and more.

The app was conceived by Ksenia Yudina, founder and CEO of U-Nest. She was previously vice president of Capital Group / American Funds (the largest 529 provider in the US).

According to Ksenia Yudina, after facing obstacles to his educational finances, he directed his efforts in building a mobile application.

This idea occurred to me based basically on my personal and professional experience. I graduated from a MBA program (UCLAs Anderson School of Management) with a debt of $ 180,000, and that's not the most expensive MBA program, Ksenia quoted. We have developed the first mobile app that helps parents set up and manage 529 college savings plans.

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The app got off to a good start and last year raised $ 2 million in funds from a group of investors including The Artemis Fund, Unlock Ventures, Draper Dragon, Band of Angels, and Vested Ventures.

As the app is directly related to finances, it offers bank-level security, which helps to keep all the
Secure confidential financial data. The application includes the strongest browser encryption (265 bits) and secure servers.

To guide its users to stay up-to-date with the latest guidelines and regulations, the app houses a team of trusted financial advisers, who are Registered Investment Advisers (RIAs) with the US Securities and Exchange Commission. USA

The application can be downloaded and used for free in the App store Y Google play.

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