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Sootchy Debuts College Savings Service

Los Angeles-based Sootchy, which develops an app to help family and friends of students help students avoid student debt, said on Wednesday it has launched a new mobile and desktop college savings platform. According to Sootchy, its service lets parents set up and manage a 529 account in their state, and lets parents, friends, family, and acquaintances contribute to a child's 529 college savings plan. The company says its service will be available as a mobile or desktop app on iOS and Android.