We’ll boost your fund by $529 as soon as you open your Backer account. We’ll add that amount to your fund, so you can start growing the full amount right away.
As soon as you set up your 529 and a monthly contribution of $25 or more, the boost is yours to keep.
You’ll make monthly contributions toward (and beyond!) your boosted total. You'll grow your investment faster (because you're earning on the full amount all year), even though you're technically contributing the same amount.
It's not a loan, and you're not locked in if you change your mind about how much you can save. It's just our way of helping you maximize your returns early on, which can make a huge difference when it's time for college.