Coverdell Education Savings Accounts (ESA)
Help finance a child's education by establishing an Education Savings Account. Anyone who meets the income requirements can open and contribute to a child's ESA. This includes grandparents, aunts and uncles, family friends, and anyone else who wants to pitch in. Earnings on ESAs are tax-deferred and distributions are tax-free if the money is used to pay qualified education expenses.
ESA Benefits
- No setup fee
- No annual fee
- No ongoing maintenance fees
- No closing fee
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ESA Resources