Coverdell Education Savings
Education is the ultimate investment
Education is an investment that gives back for a lifetime. A Coverdell Education Savings Account (ESA) is designed to cover future education expenses at an elementary, secondary school or college to pay for tuition, books and uniforms.
Withdrawals are tax-free for qualified education expenses at a qualified institution. And since your student is not the account owner but rather your dependent and a beneficiary, an ESA will not adversely affect their application for federal financial aid.
Other requirements and details can be found here for IRS information on Coverdell Education Savings Accounts.
Click on the Let's Connect button to find the nearest WPCCU branch to get your ESA started today.
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