And if one happens eventually come under the IRS Form 8815 MAGI cutoff, it has a federal income tax exclusion for education [1]. Consistent with what you say, i

And if one happens eventually come under the IRS Form 8815 MAGI cutoff, it has a federal income tax exclusion for education [1]. Consistent with what you say, it is exempt from state income taxes, which savings accounts typically aren't. [1] https://treasurydirect.gov/indiv/planning/plan_education.htm https://treasurydirect.gov/indiv/planning/plan_education.htm