Coverdell Education Savings
Saving To Cover Education Costs
With soaring tuition rates and increased competition for financial aid, saving for a child’s education has never been more important. The good news is that WPCCU offers a tax-advantaged way to save for education.
The Coverdell Education Savings account can be established for any child under 18 years old, to both encourage and empower students and parents to save for future expenses. This account offers tax-free growth until funds are withdrawn, so funds can build and then be used toward beneficiary's qualified education expenses.