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Watch your education savings grow as your child grows.

Education Funding

If you have a young (or not so young) scholar in your life, funding his or her education is likely one of your major financial considerations. In the face of rising tuition costs, it is important to understand the savings options available for parents, grandparents, and anyone else who wants to invest in a student's future.

Your Alerus Wealth Management financial advisor will work closely with you, your accountant, and any others who may have helpful insights, to build a college funding plan that is tailored to your unique needs, whether paying for college is an immediate concern or a long-term goal.

Receive tax-free earning on investment and tax-free withdrawals, if the funds are used for tuition, housing, and other college expenses.

The Uniform Transfers to Minors Act allows you to set aside assets for the benefit of a minor without creating a trust. At age 18 or 21 (depending on where you live), the assets become the child's property.

Coverdell ESAs can be used to fund elementary, secondary or college education. We'll show you the difference between these and 529 plans.

Let's plan your loved one's education.

The Alerus Wealth Management team is here to provide the guidance you deserve when it comes to education funding.

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888.409.5375

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The content available on this site is provided for informational purposes only, is not intended as an offer or solicitation for the purchase or sale of any financial instruments and should not be relied upon as an investment recommendation. Alerus Financial, N.A. makes no representations or warranties as to the accuracy, completeness or timeliness of the information. The information is not intended to provide legal or tax advice. Individuals should consult a qualified legal or tax advisor for advice specific to their circumstances.

Alerus Wealth Management provides trust products and services through Alerus Financial, N.A. 
Registered Representatives of Alerus Securities may offer investment and insurance products and services through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Alerus Wealth Management and Alerus Securities are trade names of Alerus Financial, N.A. Infinex and Alerus Financial, N.A. are not affiliated. Investment and insurance products and services are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including possible loss of value.


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