A Coverdell Education Savings Account (ESA) is a tax-advantaged savings account designed to help families save for educational expenses. Contributions to the account are made with after-tax dollars, but the money grows tax-free, and withdrawals for qualified education expenses are also tax-free. This includes costs for elementary, secondary, and higher education. Individuals can contribute up to $2,000 per year per beneficiary, and the account must be established before the beneficiary turns 18. Funds can be used for a variety of expenses, such as tuition, books, and supplies, making it a flexible option for education savings.