An Education Savings Account (ESA) is a type of savings account designed to help families save money for educational expenses. These accounts allow parents to set aside funds that can be used for various educational purposes, such as tuition, books, and other school-related costs. Contributions to an ESA may be tax-advantaged, meaning they can grow without being taxed until withdrawn for qualified expenses. ESAs are often part of state-sponsored programs, and eligibility may vary by state. Families can typically choose how to invest the funds, providing flexibility in managing their savings. Overall, ESAs aim to make education more affordable and accessible for students.