Sep 3, 2024 · You want to save for your child's college, but where? Most people choose one of two options: an Education Savings Account (ESA) or a 529 plan.

Nov 22, 2024 · A 529 plan is a tax-advantaged account that can be used to pay for qualified education expenses, including college, K–12, and apprenticeship programs.

Ideal as a supplement to a 529 plan, an education savings account (ESA) helps you pay for education expenses from kindergarten through college, and withdrawals are tax-free when used for eligible expenses.

Explore our range of consumer and professional tools to simplify your college savings journey. Get personalized college cost and 529 savings estimates, and calculate monthly contributions. Customize your 529 plan comparison by selecting the features that matter most to you.

Jan 9, 2025 · These state plans offer college savers a solid combination of low costs, good benefits and a proven track record of investment performance. After all, these are three big things you should be...

Reach your college savings goals with a flexible, tax-advantaged 529 plan. What is a 529 plan? Why should you consider a 529 plan? A 529 plan is a tax-advantaged savings account designed to be used for the beneficiary's education expenses.

Jun 6, 2024 · Families with a household income below 150% of the federal poverty guidelines will qualify. The funds will be deposited into an account, which families can use for approved education expenses, such as private school fees, tutoring, curriculum, home education, and more.

Jun 25, 2024 · Accounts designed for education savings (such as 529 plans and Coverdell Education Savings Accounts) can potentially provide tax advantages when used for qualified education expenses like tuition or certain school-related expenses like books, supplies, computers, and room and board.

Explore your options and find an education savings account that best fits your needs to pay for college expenses for your child, a family member, or yourself.

Find the best option to save for your education with Navy Federal. See all education savings options, including ESAs and certificates. Learn more.