Pay for school
LGFCU offers student loans, special scholarship programs and the Coverdell Education Savings Account to help members finance school and related expenses for students of all ages.
Coverdell Education Savings Account
Coverdell Education Savings Account (CESA) helps you save for qualified education expenses required for the enrollment or attendance of the designated beneficiary at an eligible educational institution.
- Expenses can be either for higher education, elementary or secondary school students.
- Eligible educational institutions include postsecondary, elementary and secondary schools.
- The designated beneficiary must be under age 18 or be a special needs person.
- No annual maintenance fees
- Qualified distributions are tax-free
- Low opening deposit of $25.00
- Funds are transferable to another child
- Early withdrawal exceptions
- NCUA insured
