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Your child’s education savings account may be able to help alleviate some of the unexpected expenses that may be popping up for students.
Due to the ongoing, unpredictable COVID-19 pandemic, many school districts are enacting safety measures that include keeping students home and moving to a virtual learning model. This may require many families to secure the necessary equipment and capabilities for this type of learning, including a tablet or computer (if the school doesn’t provide one) and a reliable internet connection.
If your back-to-school to-do consists of preparing for Zoom calls instead of procuring pencils, notebooks, and the usual school supplies, you may be wondering how you’ll pay for the potential added cost.
Do you have a savings vehicle, such as a Coverdell Education Savings Account (CESA), for your child? You may be able to tap into it to cover these distance learning costs.