The Time to Save for the Future is Now

SCU Coverdell Education Savings Account (ESA)

Secure your child's future with tax-advantaged savings. If you want an account designed specifically to save for your child's education, check out the Coverdell ESA. Start saving now for your child’s education expenses. An ESA allows you to make non-deductible contributions and tax-free withdrawals. ESA’s can be used to offset the costs of several education expenses, including:

• Tuition
• Fees
• Books
• Supplies
• Equipment
• In some circumstances, room and board

Speak with your tax advisor first when deciding on your savings plan.