How to Find IRAs For Students

There are many resources that parents and students can utilize when saving for college. Among the different college savings options is a resource known as the IRA. Many people associate the IRA with retirement savings; however, IRAs for students can be used to fund qualified educational expenses such as tuition, room and board, and books. One might have difficulty researching or finding IRAs for students as they go by many different names.

Instructions

1. Visit your local financial banking institution. Ask the financial institution where you do your banking if they offer IRAs for students. If they don’t, they may be able to refer you to another institution that does.

2. Checkout your local brokerage firm. Most brokerage firms will offer IRAs for students.

3. Research online brokerage firms. You can research online brokerage firms such as TD Ameritrade or T.Rowe Price that have IRAs for students and compare rates.

4. Talk to a financial advisor. If you have a financial advisor, they will certainly be able to tell you if they offer IRAs for students or they will do the research for you to help find the best IRAs for students.

5. Search the Internet for local financial institutions. Many financial institutions promote IRAs for students and it should be easy to locate an institution nearest you.

Tips & Warnings

• IRAs for students are also called Student IRAs, Education IRAs, Coverdell (ESA), IRAs for children and Roth IRAs.

Resources

• Coverdell (ESA)
• TD Ameritrade
• T. Rowe Price