Abby Chao

Abby Chao is Co-Founder & COO of CollegeBacker, an online service that makes saving for college simple, smart, and social.CollegeBacker helps a parent open a tax-advantaged 529 College Savings Plan in minutes, and then invite family and friends to contribute. Plus, with CollegeBacker Gifts, anyone can kickstart a child’s college fund.


As a founder of CollegeBacker, Abby has helped hundreds of families save and pay for college. Her modern, tech-forward approach helps the new generation of millennial parents use the right financial and social tools to save for college better, together.

Abby began her career at McKinsey & Company as a strategy consultant in financial services, technology, and education. She saw firsthand how millions of Americans often lacked access to the best financial guidance and educational opportunities – and resolved to change this with technology.

Abby's work is also featured in the Daily Worth, Mint Life Blog, and more.


Abby has a Bachelor of Science in Business Administration from the University of Southern California.


About The Balance and Dotdash

The Balance makes personal finance easy to understand. It is home to experts who provide clear, practical advice on managing your money. Whether you’re looking to invest, buy a home, save for retirement, or achieve another financial goal, The Balance will answer your questions with straightforward personal financial advice.

The Balance is part of the Dotdash publishing family. For more than 20 years, Dotdash brands have been helping people find answers, solve problems, and get inspired. We are one of the top-20 largest content publishers on the internet, according to comScore, and reach more than 30% of the U.S. population every month. Most recently, Dotdash was named Publisher of the year by Digiday, a leading industry publication.