Comments on: College Savings Educational Savings Account vs. 529 College Savings Plan http://www.conqueryourdebt.com/2005/04/06/college-savings-educational-savings-account-vs-529-college-savings-plan/ Debt relief solutions so you can live debt free Mon, 02 Jan 2012 11:37:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mrs. V http://www.conqueryourdebt.com/2005/04/06/college-savings-educational-savings-account-vs-529-college-savings-plan/comment-page-1/#comment-25006 Mrs. V Thu, 14 May 2009 12:50:58 +0000 http://www.conqueryourdebt.com/?p=2#comment-25006 Technically yes, a grandparent could establish an ESA account for a grandchild. However, you need to be careful when accounts are established by different family members for the same child. If total contributions exceed $2,000 in a year, a penalty will be owed. For more detailed information on ESA accounts, check this website: http://www.savingforcollege.com/intro_to_esas/ Technically yes, a grandparent could establish an ESA account for a grandchild. However, you need to be careful when accounts are established by different family members for the same child. If total contributions exceed $2,000 in a year, a penalty will be owed.

For more detailed information on ESA accounts, check this website: http://www.savingforcollege.com/intro_to_esas/

]]> By: Jean Thompson http://www.conqueryourdebt.com/2005/04/06/college-savings-educational-savings-account-vs-529-college-savings-plan/comment-page-1/#comment-24969 Jean Thompson Sat, 09 May 2009 01:20:20 +0000 http://www.conqueryourdebt.com/?p=2#comment-24969 Can a grandparent open and ESA for their grandchild if the parents have one too? Is there a specific amount you have to open one with? Can a grandparent open and ESA for their grandchild if the parents have one too? Is there a specific amount you have to open one with?

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