Education Planning

When saving for education expenses, it's important to review each plan's features to determine which education savings account plan is right for you and your family. Income limitations, maximum yearly contributions, and tax consequences are just a few of the features that you will want to consider when choosing the right plan for you.

Comparing Various Education Savings Plans


Our Education Savings Account Comparison Chart helps you differentiate education savings plans to find the one that's right for you. The chart compares savings account features between 529 Savings Plans and the Coverdell Education Savings Account.


529 College Savings Plan

Take advantage of tax savings while planning for your family's future. Earnings are tax-deferred and contributions and withdrawals are free from federal tax. Plus, there are no income limitations and you retain control over the withdrawals.

Details

Coverdell Education Savings

Save for your family's education expenses with a tax-advantaged savings account. Your money grows tax-free and withdrawals are also tax-free. Contribute up to $2,000 each year for any child under age 18. Income requirements apply.

Details