TeenBusiness.com > Teenvestors > Coverdell ESA


hoto Credit: Peter Hellberg

The Coverdell Education Savings Account (Coverdell ESA) was formerly known as the Education Individual Retirement Account (Education IRA) until mid-2001 when the name was changed. The Coverdell ESA is an account that is set up for the purpose of paying educational expenses. Much like College Savings Plans, the Coverdell ESA is an investment that should be made with your parent’s complete involvement. The links below in teenbusiness.com will give you more details on the Coverdell ESA.