Your children have the potential to receive a college education without taking out a student loan. Sootchy can help them do it.
Sootchy is a user-friendly app that allows families to save money for their children's education by opening a 529 savings account. And, with the click of a button, link to Sootchy’s gifting site that lets family and friends contribute to the plans and maximize their benefit.
EASY TO USE
Sootchy is a technology platform that provides students and families with a potential alternative to student loans and debt by making it easy to open up a 529 account and gain contributions from family and friends.
A VARIETY OF EDUCATION OPTIONS
*K-12 Private School (tuition only)
FRIENDS AND FAMILY CONNECTIVITY
Invite family and friends to contribute to your educational savings.
WHAT IS 529?
Though they all fall under the auspices of Section 529 of the IRC, there are many different types of 529 Accounts out there, almost all of which are administered at the state level. In fact, each state has its own unique 529 plans, which can come in one of three forms: a prepaid tuition plan, a college savings plan, or an ABLE (or 529A) account. As money is put into the account, it is invested by the plan administrator, potentially earning significant sums over the years and building up the resources available to pay for your child’s college education. Under Section 529, this income is entirely exempt from federal income taxes, so long as it’s put toward qualified expenses, such as tuition, and some states offer their own financial incentives on top of the federal tax break.
Sootchy works with AuthVia and Plaid, two powerhouses in the world of payment processing and security, to provide our users with a seamless way to start saving for your kids’ education.
We would love to hear from you! Feel free to email us with questions or comments at firstname.lastname@example.org.
For technical support, email email@example.com.
Some, but not all, of the services provided through the Sootchy App may be provided by Sootchy Securities, LLC, a Registered Investment Advisor, registered with the Securities and Exchange Commission (SEC).
This description and disclosure does not create or modify any agreement, relationship, or obligation between you and Sootchy Securities and is not a recommendation regarding any product or securities. All investments carry a risk of loss including loss of principle. Please consult our Client
Policy for the terms and conditions that govern your relationship with us. Effective as of
June 30, 2020.
In this release we’ve updated the investment options to the latest and greatest. Along with that comes the required legal documents that you receive when you open up a savings plan. You'll also notice a few UI enhancements as well as some significant security updates behind the scenes.
Ratings and Reviews
Seamless and super easy to use
I was very impressed with how seamless and intuitive this app was to use. The account setup process was easy, I was able to set up monthly systematic contributions seamlessly, but the best part was that the entire process took me all of 4 minutes from start to finish! Great app! I would definitely recommend it to anyone wishing to save for a child’s college expenses.
It’s free which is awesome
I first heard about Sootchy from an Ad on Facebook I closely followed their social media posts and saw they launched so decided to check out the app.... looks pretty good!! I like the fact that the app is free to use and no monthly fees!!! I can finally save for my college without being charged $$$ per
Great app, great idea
Sootchy makes it very easy to open a 529 plan... I think this app can really help solve the student loan crisis and I am already using their app to send gifts to my friends’ children. Someday I will open an account with them for my own kids! Definitely recommended.
Data Linked to You
The following data may be collected and linked to your identity:
- Financial Info
- Contact Info
- Usage Data
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
Privacy practices may vary, for example, based on the features you use or your age. Learn More
- Sootchy Inc
- 46.1 MB
- Requires iOS 12.0 or later.
- iPod touch
- Requires iOS 12.0 or later.
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Age Rating
- © Sootchy, Inc