- advertisement -

Education savings plans compared

 

d Custodial Account
(UGMA or UTMA)
529 Savings Plan 529 Prepaid Tuition Plan Coverdell Education Savings Account
The money is irrevocably given to the minor.
The account cannot be switched to benefit another child or transferred to the parents. Use of assets is not limited to the minor's educational costs.
Although the money belongs to the minor, the custodian controls it until the minor reaches the age of termination.

 

 
 
-- Updated: March 24, 2005
     

 

 
 

 

Print  
 

30 yr fixed mtg 4.00%
48 month new car loan 3.20%
1 yr CD 0.70%
Alerts


Mortgage calculator
See your FICO Score Range -- Free
How much money can you save in your 401(k) plan?
Which is better -- a rebate or special dealer financing?
VIEW MORE CALCULATORS

BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement

MORE ON BANKRATE
Ask the experts  
Frugal $ense contest  
Quizzes  
Form Letters


- advertisement -
 
- advertisement -