Education savings plan

{
  "id": "MLC-T-FIN-000131",
  "term": "Education savings plan",
  "field": "Finance and investing",
  "term_source": "Education Savings Plan",
  "definition": "A type of 529 plan that lets an account owner open an investment account to save for the account beneficiary’s qualified higher education expenses, tuition and certain expenses for elementary or secondary public, private, or religious schools, and certain other education-related expenses.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/education-savings-plan/"
}