Borrowing Money for School

Is an Education Savings Plan Better than a 529?

Financial Web |

In Brief...

An education savings account is a great idea for your children or grandchildren. The ESA has one big advantage over the 529; your contributions can be used to pay for primary and secondary education, as well as college.. If a married couple makes more than $190,000 per year, they would not be able to contribute to an ESA. You can choose the ESA, and the higher allowed contributions and flexibility of the 529 plan make it easier to pay for college later.. New In Saving FHA Loans Home Equity Loans Mortgage Basics Mortgage Calculators Mortgage Loan Education Mortgage Refinancing VA Loans Car Loans Cash Advance & Payday Loans Hard Money Loans Loan Basics Small Business Loans Student Loans Banking & Credit 101 Credit Cards Credit Report Credit-Building & Management Debt Consolidation Debt Settlement Personal Banking Bonds ETF FOREX Trading Investing Basics Metals Resources & Collectibles Mutual Funds Options Stocks 401 k Estate Planning IRAs Living in Retirement Retirement Planning Auto Insurance Business Insurance Disability Insurance Health Insurance Home Insurance Insurance Basics Life Insurance Filing Taxes General Taxes Small Business Taxes Tax Planning Tax Relief Budgeting Planning Basics Saving Buying General Real Estate Home Improvement Renting Selling Banking & Credit Finance Insurance Investing Loans Mortgage & Real Estate Student Taxes

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