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What Are Coverdell Education Savings Accounts?An ESA is another savings program for educational expenses which can be set up for kids under 18 years of age. The annual contribution limit is $2,000 per child.
What Are Coverdell Education Savings Accounts?When ESA's were created they were named Educational IRAs and limited to a $500 contribution. With a name change they became the Coverdell Education Savings Accounts.
Money Matters - Saving For College: Coverdell Education Savings AccountsCoverdell Education Savings Accounts were the Educational IRAs that had a name that made no sense.

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