Coverdell Education Savings

A smart part of your college payment plan
  • Cover college or private school expenses.
  • Contribute up to $2,000 per year.
  • Watch funds grow tax-free.

These days, it takes more than
just good grades.

Help your son or daughter afford the school of their choice with a tax-advantaged savings plan.

To get their degree, your son or daughter will have to show expertise in many subjects. To even get them into college, you'll likely need several savings and investment approaches. A Coverdell account can be an important piece of the puzzle. Open one early on, and someday you'll be able to make a big dent in those future tuition bills.

  • Open a Coverdell account with as little as $100.
  • Contribute as much as $2,000 annually per child.
  • Enjoy tax-free distributions when funds are used for qualified educational expenses.
  • Use funds for tuition, fees, room, board, books, supplies and education-oriented computer technology and equipment.
  • Choose to use funds to cover private elementary or secondary school costs.
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