LA-Based Startup U-Nest Launches an App with the Mission to Help Parents Save for College
LOS ANGELES, Oct. 23, 2018 /PRNewswire/ -- On Tuesday, October 16, the fintech revolution has finally addressed one of the biggest struggles plaguing the U.S. population: the crushing burden of student loan debt. Student debt in the U.S. has reached a historic $1.5 Trillion, and the cost of higher education continues to increase at 6% per year - 3 times the consumer inflation rate of 2%.
U-Nest is an intuitive and easy-to-use mobile app that paperlessly - and in just under five minutes - establishes and manages a "529 College Savings Plan", which financial experts agree is the optimal way to save for education expenses thanks to its tax advantages and great investment options. With U-Nest, the entire process is completely automated and secure, and parents can track progress toward their goals at a glance.
The process of establishing a 529 plan used to be incredibly confusing, required several hours and the use of an expensive financial advisor. Using affordable U-Nest solution, every parent in America can rest assured that they are wisely saving for their children's education. "Many parents are simply not aware of their savings options. A full 70% of parents do not know about the 529 College Savings Plan, and only 14% of the college savings market utilizes them due to the complexities associated with the process," says Ksenia Yudina, Founder and CEO of U-Nest and a mother of three.
That's why we created U-Nest. We strongly believe in the power and value of education. We are committed to relieving the burden of student loans from parents and changing the trend for future generations. U-Nest wants to make it possible for families from every economic background to have a realistic route to financing their children's education.
About U-Nest:
U-Nest is a fully accredited and registered Financial Advisor with the Securities and Exchange Commission and is backed by a team of experienced financial experts and advisors with decades of experience. The company is also backed by the UCLA Anderson Venture Accelerator - one of the most prestigious and discerning business development groups in the nation. To learn more, visit https://u-nest.com/
Media Contact:
Nick George
nick@u-nest.com
(310) 437-9331
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SOURCE U-Nest
