Education Savings Accounts (ESAs) are financial tools that allow families to save money for educational expenses. These accounts can be used for a variety of costs, including tuition, textbooks, and tutoring. The funds in an ESA can grow tax-free, making it easier for families to afford quality education options. ESAs are often funded through state programs or private contributions. They provide flexibility, allowing parents to choose how to allocate the money based on their child's specific needs. This approach aims to empower families to make informed decisions about their children's education.