GradSave is offering a $50 contribution to a 529 College Savings Plan for only $24 via the Living Social network through January 22, 2013.
Update: This offer is expired, but there is a new GradSave Groupon Offer available at this time.
GradSave is an online college savings registry that helps friends and family give contributions directly to a child’s college savings plan.
Funds that are contributed to GradSave can be transferred to a linked 529 plan, or they will be held in a regular FDIC-insured savings account from Bank of America until you decide to withdraw them.
You can basically purchase a $50 GradSave Credit from Living Social for only $24, which gives you a profit of $26.
The gift card can be easily redeemed and linked with any nationwide tax-free 529 savings plan, prepaid tuition, or other savings account.
There is no cost to open or maintain an account on GradSave, and there are no fees at this time.
GradSave does plan to charge a service fee for gifts in the future, but you can purchase the $50 gift for only $24 from Living Social and pay no fees at this time.
Learn more about the GradSave program to see how you can contribute to savings for your child’s education and other events.
You may also be interested in these 529 College Savings Programs to maximize your college savings for your children.
You can get this special $5 Living Social Bonus as well if you are not already a member.
Purchase this Living Social deal today to get a $50 gift for only $24 for a limited time.