Latest Posts

Can 529 Plans Be Used for Law School?

529 plans are flexible, tax-advantage savings accounts primarily used for college education. Learn how these accounts can also be used for law school.
Apr 16, 2021
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Sootchy Team

Is Middle School Too Early to Start Thinking About College?

It's never too early to start preparing for college. Learn how colleges treat middle school records, how to help your child think about their major, and how you can start saving.
Apr 14, 2021
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Sootchy Team

What is the Maximum Contribution to a 529 Plan in Vermont?

Learn how much you can contribute to your Vermont 529 plan to get the maximum value out of your college savings plan.
Apr 12, 2021
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Sootchy Team

What Fees Are Associated with a 529 Plan in North Dakota?

Before opening your North Dakota 549 plan, learn what fees you will have to pay so you can make an informed financial decision.
Apr 9, 2021
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Sootchy Team

Can a 529 Plan Be Used for Trade School?

While they are most commonly associated with college, many people wonder if they can use the benefits of a 529 plan for trade school. Learn more with Sootchy.
Apr 8, 2021
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Sootchy Team

What Is Sootchy?

Sootchy is an app on a mission to eradicate student loan debt. Keep reading to learn more about all the ways we're working toward debt-free education for all!
Apr 1, 2021
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Team Sootchy

Sootchy Celebrates: Mary McLeod Bethune

Mary McLeod Bethune left a legacy of empowering women and minorities through education and access to services. Read more about this amazing woman, and her impact on generations of Americans.
Mar 31, 2021
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Team Sootchy

Can 529 Plans Be Used for Special Needs?

There are many benefits to 529 plans, learn how you can extend these benefits to someone with special needs.
Mar 26, 2021
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Sootchy Team

Can You Have More Than One 529 Plan?

There are many circumstances in which you may want to have multiple 529 accounts, learn all the rules and regulations for having multiple 529 accounts.
Mar 25, 2021
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Sootchy Team

Sootchy Celebrates: Emma Hart Willard

Willard fought for women to have an education in subjects like math and philosophy instead of the ones taught at finishing school. In 1821, she founded Troy Female Seminary, the first school in the US to offer higher education to women.
Mar 24, 2021
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Team Sootchy

What Is the Maximum Contribution to a 529 Plan in Arkansas?

If you are thinking about opening a 529 plan in Arkansas, learn how the account will work and what your maximum contribution is.
Mar 23, 2021
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Sootchy Team

What Is the Best Way to Pay for College Tuition?

Choosing how you want to pay college tuition is an extremely difficult decision, discover the most popular methods used by families today.
Mar 22, 2021
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Sootchy Team

North Dakota 529 Plans | College Savings Accounts in ND

Learn how you can take advantage of one of the best college savings options available in North Dakota, the 529 plan.
Mar 19, 2021
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Sootchy Team

Does Having a 529 Plan Hurt Your Chances of Getting Financial Aid?

With the massive expense that college imposes, ensuring every financial opportunity is available is crucial. Learn how 529 plans may impact financial aid.
Mar 18, 2021
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Sootchy Team

Can a 529 Plan Pay for Private Elementary School?

529 plans offer many benefits, leaving some to wonder if they can use these funds for other forms of education. Learn more with Sootchy.
Mar 16, 2021
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Sootchy Team

Sootchy Celebrates: Patsy Takemoto Mink

Patsy Mink spent her career fighting for both gender, and racial equality, affordable childcare, bilingual education and was an author of Title IX, a federal civil rights law. She was also a woman of many firsts. Keep reading to learn more about her fight to empower women in education.
Mar 16, 2021
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Team Sootchy

Can a 529 Plan Pay for Private High School?

529 plans offer many benefits when saving for education, but can these benefits be extended to private high schools? The Sootchy savings team explains.
Mar 15, 2021
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Sootchy Team

What Is "Gift of College" and How Does It Work?

As the price of college continues to grow, families are finding creative ways to fund their education. Learn how you can take advantage of the "Gift of College"
Mar 12, 2021
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Sootchy Team

What Fees Are Associated with 529 Plans in Vermont?

Knowing the fees associated with Vermont's 529 plans can help you make an educated financial decision when opening a plan for yourself.
Mar 11, 2021
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Sootchy Team

Sootchy Celebrates: Alice Freeman Palmer

Learn how Alice Freeman Palmer spent her life improving opportunities for women to attend college and emphasizing that education was crucial to their independence.
Mar 10, 2021
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Team Sootchy

Utah Educational Savings Plan vs. Vanguard 529: What's the Difference?

Learn the differences in minimum contributions, investment options, and tax breaks between Utah’s my529 and Vanguard 529 College Savings Plan.
Mar 9, 2021
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Sootchy Team

Can Parents Pay Their Child's Student Loan?

It's important to understand the implications of paying off your child's student debt. Learn the ins and outs of covering student debt with a 529 plan.
Mar 8, 2021
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Sootchy Team

When Should a High Schooler Start Applying for Scholarships?

Scholarships are essential for some people to afford higher education, it's important to have enough time to apply. Learn when you should start applying.
Mar 7, 2021
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Sootchy Team

Are 529 Plans Only for Your State's Public Colleges?

Before investing in a 529 plan, it's important to understand the potential limitations associated with the plans. Learn more with Sootchy.
Mar 5, 2021
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Sootchy Team

How Much Should You Save Each Month for Your Child's College?

There are a lot of factors that affect the amount you'll need to save for your child's education, learn how much you'll need for your child with Sootchy.
Mar 4, 2021
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Sootchy Team

Rhode Island 529 Plans | College Savings Accounts in RI

Learn everything you need to know about Rhode Island's 529 Plans, including investment options, past performance, and tax benefits you can expect.
Mar 2, 2021
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Sootchy Team

What Fees Are Associated with 529 Plans in Arkansas?

We provide all the information surrounding the fees associate with Arkansas' 529 plans so you can make an informed decision for your education savings.
Mar 1, 2021
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Sootchy Team

Arkansas 529 Plans | College Savings Accounts in AR

Get all the information you need on Arkansas' 529 plans, including performance, tax benefits, and investment options.
Feb 26, 2021
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Sootchy Team

Vermont 529 Plans | College Savings Accounts in VT

Get all the information you need on how Vermont 529 plans work, their performance history perform, and how you can easily open one online today.
Feb 25, 2021
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Sootchy Team

The Vanguard 529 College Savings Plan Review + Guide

Learn the tax benefits, fees, and investment options associated with the Vanguard 529 College Savings plan.
Feb 23, 2021
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Sootchy Team

Bringing Value Back to 529s

Take a look at some of the top reasons 529 Plans are the true hidden gems of saving for college and other higher education.
Feb 23, 2021
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Emma Willis

Can You Contribute to a 529 Plan Before a Child Is Born?

Opening a 529 plan for a loved one has long been a popular way to start saving for college, and the earlier in the child’s life the account is started, the better.
Feb 22, 2021
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Team Sootchy

Meet Asha Owens: Co-Founder of BestFit

Asha Owens and Rebecca Kwee combined their ideas to connect underprivileged high school students with college students to fight the issue of "summer melt.”
Feb 22, 2021
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Team Sootchy

Are 529 Plans State-Specific?

Thanks to their widespread popularity, 529 plans have been catching the attention of more and more families around the country.
Feb 19, 2021
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Sootchy Team

Should Parents Pay for Their Child's College?

With the exponential increases in college tuition, it's almost impossible to pay for school without debt. Should parents foot the bill? Learn more with Sootchy.
Feb 18, 2021
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Sootchy Team

How Do I Leave My Assets to My Grandchild?

Learn how you can make the biggest impact in your grandchild's life by ensuring they get the most benefits possible from your assets.
Feb 15, 2021
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Sootchy Team

Meet Christopher Gray, the Founder of Scholly

Learn how Christopher Gray turned his struggle to fund his education into a national service to help people across the country achieve their dreams.
Feb 12, 2021
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Sootchy Team

Can I Transfer a 529 Plan to Another Child?

Life often takes an unexpected turn or two, which is why 529 plans are flexible and allow you to change the beneficiary. Learn more with Sootchy.
Feb 8, 2021
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Sootchy Team

Sootchy Celebrates: Nathan Hare

Learn how Nathan Hare became one of the greatest pioneers of Black studies in America, and how his impacts still change the American educational system.
Feb 8, 2021
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Sootchy Team

How Many Times Per Year Can You Change the Allocation of a 529 Portfolio?

Opening a 529 plan can be a hugely beneficial move for families looking to save up for their child’s college education.
Feb 4, 2021
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Sootchy Team

Sootchy Celebrates: Fanny Jackson Coppin

Learn about the life and legacy of the great Fanny Jackson Coppin, and how she was able to overcome oppression and prosper as a teacher, principal and lecturer.
Feb 2, 2021
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Sootchy Team

Can You Use a 529 Plan Out of State?

Each state has its own 529 plan, meaning there are many options to choose from. Learn which states allow you to use out-of-state plans.
Feb 1, 2021
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Sootchy Team

Follow Up to Forbes: An In-Depth Look at Student Loan Forgiveness

One of the core policies of the incoming Biden/Harris administration is the forgiveness of up to $10,000 of student debt for each person who qualifies.
Jan 29, 2021
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By David Adefeso

What Is the Best Way to Save for Your Child's Future?

Saving for a child's future can open many doors for them, but not all savings accounts are created equally. Learn the best accounts to save for a child's future.
Jan 28, 2021
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Sootchy Team

Can You Roll a 401(k) into a College Savings Plan?

Learn everything you need to know about transferring funds from a 401(k) into a college savings plan from the Sootchy savings experts.
Jan 25, 2021
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Sootchy Team

Can I Roll a 529 Plan into an IRA & Vice Versa?

Learn the specific rules and requirements for transferring funds between IRAs and 529 plans so you can make informed financial decisions for the future.
Jan 22, 2021
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Sootchy Team

Biden’s Appointment Could Mean New Opportunity for 529 Plans

On January 16, then president-elect Joe Biden announced his nomination of Eric Lander as Presidential Science Advisor and Director of the Office of Science and Technology Policy.
Jan 22, 2021
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Emma Willis

What Is the Best Financial Gift for a Child?

There are many ways you can contribute to a child's future financial success, but what will help them the most? Learn more with the Sootchy savings experts.
Jan 20, 2021
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Sootchy Team

Can a Grandparent Open a Savings Account for a Child?

Starting a savings plan for your grandchild sets up limitless possibilities for them. Learn how you can start a savings account for your grandchild.
Jan 18, 2021
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Sootchy Team

Can 529 Programs Be Used for Graduate School?

Understanding what you can or cannot use a 529 plan for can help you make a better financial decision. Learn how 529 plans can be used for grad school.
Jan 15, 2021
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Sootchy Team

Sootchy Founder David Adefeso Featured in Forbes

Sootchy founder, David Adefeso, provides his expert insight on the state of student loans for one of the top business publications in the world.
Dec 18, 2020
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Sootchy Team

Are Contributions to a 529 Plan Tax Deductible?

A 529 plan is one of the smartest ways to save for college because of the many benefits such as potential tax credits. Learn if you qualify for 529 tax deductions.
Dec 14, 2020
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Sootchy Team

How Do I Write Off 529 Plan Contributions on My Taxes?

One of the largest benefits of a 529 plan is the tax savings, learn how you can write off 529 contributions depending on your state from the Sootchy 529 experts.
Dec 11, 2020
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Sootchy Team

Investing for Your Grandchild: Best Gifts with Tax Benefits

Investing in your grandchild's future is the best way to ensure their financial success. But which account is the best for investing? Learn more with Sootchy.
Dec 10, 2020
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Sootchy Team

What States Offer a Tax Deduction for 529 Plans?

Tax deductions on 529 plans vary by state, which can be confusing for those saving for college. Learn if your state offers tax deductions on a 529 plan.
Dec 9, 2020
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Sootchy Team

Can I Use a 529 Plan to Pay for Medical School?

529 plans are a great way to save for your education, but can these benefits be applied to medical school? Learn more from the Sootchy 529 experts.
Dec 8, 2020
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Sootchy Team

How to Help Your Grandchild Pay for College

As the price of college continues to grow, saving early is increasingly important. Learn the best accounts to start saving for your grandchild's education.
Dec 7, 2020
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Sootchy Team

Do You Need Separate 529 Plans for Each Child?

Many people wonder if they should open a 529 plan for each child or if one 529 plan can have multiple beneficiaries. Learn more from our college savings experts.
Dec 4, 2020
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Sootchy Team

Should a Grandparent Own a 529 Plan?

529 plans have become the most popular form of savings for college because of the many benefits they offer including tax-free investment earnings.
Dec 3, 2020
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Sootchy Team

Does Utah Have a 529 Plan?

As 529 plans become increasingly popular, many people wonder if the savings plan is available in their state. Learn more about 529 plans in Utah.
Dec 2, 2020
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Sootchy Team

Utah 529 Plan Performance Trend

Understand the performance of the 529 plan you select in Utah can make a huge difference in your returns. Learn more about Utah's 529 plan performance.
Dec 1, 2020
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Sootchy Team

How Much Can Each Parent Contribute to a 529 Plan?

Many parents want to save as much as possible for their child's education, but what is the maximum annual contribution for parents? Learn more from our 529 experts.
Nov 30, 2020
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Sootchy Team

How Much Money Do You Need to Start a 529 Plan?

Many people ask us "how much do you need to start a 529 plan?" The answer varies based on your location. Learn more from our college savings experts.
Nov 29, 2020
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Sootchy Team

Can You Open a 529 Plan For Yourself?

529 plans offer many benefits when saving for college. Learn how you can create one of these plans to fund your own education.
Nov 28, 2020
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Sootchy Team

How Do I Pay for My Child's College Tuition?

Paying your child's tuition is something every parent would like to do, but where should you start? Learn everything you need to know about paying for college.
Nov 27, 2020
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Sootchy Team

What Is the Max Contribution for a 529 Plan in Utah?

The details and benefits of 529 plans vary by state. Learn the specific contribution limits for 529 plans in Utah and make an informed investment decision.
Nov 27, 2020
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Sootchy Team

What Happens to a 529 Plan If a Child Doesn't Go to College?

If you began saving for your child's education early with a 529 plan but they decided not to go to college, what can you do with that money? Our 529 experts explain.
Nov 26, 2020
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Sootchy Team

Can a 529 Plan be Used to Pay Student Loans?

529 plans are one of the most popular college savings options, but many people wonder if these funds can be used for college debt. Learn more from our 529 experts.
Nov 23, 2020
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Sootchy Team

Can 529 Plans Lose Money?

Although 529 plans come with risk, you can mitigate that risk and increase your odds of returns by taking the right steps. Learn more from the 529 experts at Sootchy.
Nov 20, 2020
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Sootchy Team

Are 529 Plans Worth It?

As the price of college continues to increase, people are looking for the most efficient way to save. Learn why so many people are turning to 529 plans.
Nov 20, 2020
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Sootchy Team

What Fees Are Associated with a 529 Plan in Utah?

It is important to understand all the fees associated with Utah's 529 plan before getting started. Learn all the 529 fees and avoid surprises with Sootchy.
Nov 19, 2020
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Sootchy Team

How to Start a College Fund for a Child or Baby

Everyone knows starting to save for college early is essential, but what fund will provide the most value? Learn more from our college savings experts.
Oct 23, 2020
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Sootchy Team

How to Open a 529 Plan

529 plans are quickly becoming one of the most popular ways to save for college. Learn how you can easily start saving for college with a tax-free 529 plan.
Oct 23, 2020
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Sootchy Team

What Happens if You Don't Use Your 529 Plan?

Having leftover money from college savings is an exciting idea, but what can you do with that excess money? Learn the options you have with your leftover 529 savings.
Oct 23, 2020
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Sootchy Team

Utah 529 Plans - College Savings Plan in UT

Learn everything you need to know about Utah's 529 plans including how to open a plan, make contributions, and more.
Oct 22, 2020
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Sootchy Team

What To Look For In a College Savings Account

There are so many ways to save for college, it can be easy to get overwhelmed. Luckily, we cover the best modern college savings options to make your life easier.
Oct 22, 2020
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Sootchy Team

What Is the Best Way to Set Up a College Fund for a Grandchild?

Saving early for college is crucial. Learn the best way you can contribute to your grandchild's future education.
Oct 16, 2020
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Sootchy Team

How The State You Study In Affects Your Student Loan Debt

It’s important to beware that studying in certain states is going to be more costly than others. The last thing you want for your child is to have to postpone getting married or owning a home in the future because they are worried about paying off student loans first.
Apr 3, 2020
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Sootchy Team

The Best College Major For Your Personality Type

If your major aligns with your character, you’re more likely to achieve better grades, graduate on time, and stay with the same major throughout your college career.
Mar 27, 2020
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Sootchy Team

Top 5 Most Popular College Majors in The United States

Selecting a college major can be a difficult choice for students just graduating from high school. After all, there are over hundreds of interesting options, and you don’t want to get stuck studying something you don’t love.
Mar 21, 2020
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Sootchy Team

3 Surprising Reasons Why College is So Expensive

People all over the world are questioning why college is so expensive in the United States. Today, we are going to reveal the top three reasons why college prices have shot up over the last few decades.
Mar 6, 2020
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David Adefeso

How to Get a Hefty Financial Aid Package for College

While your child is devoting their time to filling out college applications, it’s a great idea for you to start thinking about how to improve their chances of getting a generous financial aid package.
Feb 28, 2020
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Sootchy Team

3 Important Factors To Consider When Selecting a College

Selecting the right college can be a struggle. Maybe your kid has come to you with a dozen college pamphlets and no idea what they are looking for. Or they have a clue about what kind of universities they like but need to narrow down a few favorites. It can be overwhelming for a young…
Feb 21, 2020
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Sootchy Team

Why You Need to Save for College As Soon as Possible

Procrastination can get to the best of us when it comes to tucking away money for university. Maybe you keep telling yourself there will be more time to save for college in the future or you’ll get around to it when you’re in a better situation financially. It’s hard balancing your financial obligations with something...
Feb 19, 2020
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Sootchy Team

Can I Use My 529 Plan to Pay for Room and Board?

Knowing what expenses you can pay with a 529 plan can get complicated. Learn what types of 529 plans can be used to pay for room and board.
Jan 14, 2020
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Sootchy Team
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