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Parents, grandparents, kids, or all three can start saving with a CEFCU Coverdell Education Savings Account (ESA).
- Elementary, secondary, college education expenses
- $2,000 per year for each child under 18
- Tax-free qualified withdrawals footnote 1
- Income limits footnote 1
Funds must be withdrawn by the time the child turns 30.
Contact CEFCU to open your ESA today.
College Savings FAQs
1. Check with your tax advisor for specific guidelines.