Education savings that grow with their dreams.
No matter where you are in your family's journey, Schwab offers flexible accounts to help you save for education now and support their financial future later—whether that's continuing school, starting a career, or taking their next big step.
Grow their future, one contribution at a time.
Supporting a child's education is a lasting investment in their future. Every contribution—big or small—helps bring your goals closer. By investing regularly and contributing what you can, you give your savings more time to grow.
529 Education Savings Plan
Your go-to account for tax-advantaged education savings, 529s have high contribution limits to help cover costs for college and beyond.
Education Savings Account
A supplemental option for K-12 and college expenses, ESAs offer tax-deferred growth for a wide range of qualified education costs.
Custodial Account
A meaningful way to gift and teach minors about money, this account can help support their goals and build money management skills.
See your education savings options side by side.
See your education savings options side by side.
| 529 Savings Plans | Coverdell ESA | Custodial Accounts | |
|---|---|---|---|
| Primary purpose | Saving for K-12, trade school, college, and beyond | Covering private K-12 school costs and college | Gifting and teaching minors about money |
| Used for education expenses | |||
| Tax benefits | — | ||
| Funds must be used for education | — | ||
| Available to all income levels | — | ||
| Contribution limits | High | Low | Varies by state |