Education savings accounts (ESAs) are special savings accounts 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. The money in an ESA can grow tax-free, making it a beneficial option for long-term savings. ESAs are often funded through contributions from parents or guardians, and some states may offer matching funds or tax incentives. The specific rules and eligibility criteria for ESAs can vary by state, so it's important for families to understand their local regulations when considering this savings option.