Important Educational Savings Account (ESA) Information.
As of January 1, 2012, T.
529 college savings plan investment mistake
Rowe Price no longer accepts new assets to Education Savings Accounts (ESAs) or new ESAs.
In place of an ESA, you may want to consider opening a 529 plan account to help your child save for college. A 529 plan offers tax-advantaged savings for college and can be used to pay qualified education expenses at colleges and universities throughout the United States. In addition, 529 plans can now be used to save for tuition expenses at K-12 public, private, and religious schools up to $10,000 per beneficiary per year per account.