As college costs continue to rise faster than inflation, saving for educational expenses is increasingly important. Frost can help you reach your savings goals through a variety of products and our extensive expertise. We’d be happy to help you create a plan that is achievable and will meet your goals.



Find out how much you should be saving every month for college.

Coverdell Accounts

Can be used to fund any education expense — not just college.

  • contributions are limited to $2,000 annually
  • must be used by the time the beneficiary is 30 years old
  • no annual restrictions on changing investment allocation
Coverdell Account details

529 Plans

​An educational savings plan administered at the state level.

  • must be used for college expenses, including room and board
  • no annual contribution limit*
  • no beneficiary age restrictions

529 Plan details

Custodial Accounts (UGMA/UTMA)

Similar to a Trust, a tax-preferred way to transfer assets to a child.

  • assets are owned by the child, not the custodian
  • assets are taxed at the child’s rate (over certain thresholds, it's taxable at parents’ rate)
  • does not have to be used for educational purposes
Custodial Account details