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Compare College Savings Accounts

Plans that fund education and related expenses.

Start saving for college (and even K-12 expenses) to take advantage of tax savings, and feel secure knowing you’re prepared. Plus, since both 529 and Coverdell plans allow you to change your beneficiary, you’ll have flexibility to provide for children’s different needs with the convenience of one account.

Compare Educational Savings Accounts

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529 College Savings Plan

Federal tax benefits and minimal impact to financial aid

  • Accessible for in and out of state K-12 tuition and college
  • Custodian-owned for financial aid purposes
  • Invest in state-created age-based securities portfolios
  • No yearly contribution limits
  • Federal: No
    State: Varies by state

    Tax Deductible Contributions
  • No

    Income Limits
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Coverdell Education Savings

Tax benefits and a wide range of qualified expenses

  • Accessible for K-12 expenses, including special education and college tuition
  • Select from a wide range of securities
  • Student-owned for financial aid purposes
  • $2,000 per child yearly contribution limit
  • Federal: No
    State: No

    Tax Deductible Contributions
  • Yes

    Income Limits

KIS does not give tax or legal advice. The comments regarding tax treatment in this material simply reflects our understanding of current interpretations of tax laws as they apply to the products covered in this material. Since tax laws are always subject to interpretation and possible changes, we recommend that you seek the counsel of an attorney, accountant or other qualified tax advisor regarding these matters as they apply to your particular situation.

Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).

Check the background of this firm on FINRA's BrokerCheck.

Investment and insurance products made available through KIS and KIA are:

NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY
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Call Us

1-888-KIS2YOU

Clients using a TDD/TTY device:
1-800-539-8336

Clients using a relay service:
1-866-821-9126

Contact Us Icon

Schedule an Appointment

Talk to a Branch Manager in your neighborhood.

Schedule an appointment now