Coverdell ESA | Philadelphia PA Education Savings Account

Help the students in your family reach their full potential.

A savings plan with tax benefits makes education more affordable.

For young people, education can be the key to a bright future. But lately, costs have skyrocketed. Fortunately, there's an effective way to set aside funds for tuition and other expenses at colleges, high schools and elementary schools. With a tax-friendly Coverdell Education Savings Account, families can contribute up to $2,000 per year per child and watch the money grow with the help of dividend earnings.

$2,000 annual contributions can come from any family member - grandparents, aunts and uncles as well as Mom or Dad
All annual interest and dividend earnings are tax-exempt
Tax-free withdrawals for qualified elementary, secondary and higher education expenses
Funds can be used for tuition and fees, room and board, transportation to and from school, books and supplies, and computer equipment specifically used for education
Coverdell ESAs can be effective complements to other education savings accounts, such as 529 Plans

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