Education
Education is important, but it is also expensive. Going to any college takes money, so it's important to have an early start on good educational savings.
Education Savings
ProFed gives you easy ways to save, including EZ Saver certificates or a Coverdell Education Savings Account (ESA). Start with just $25 and make additional deposits at any time in-person, or by using online banking, Touch-Tone Teller, or payroll deduction.
Another way to save is by using a 529 account, also known as a qualified tuition plan. Like the Coverdell ESA, the qualified tuition plan may offer tax savings when proceeds are used for qualified educational expenses like tuition, room and board, even textbooks.
Talk to ProFed about opening a Coverdell ESA, and get answers about 529 plans from Pro-Fed Financial Advisors, Inc.
Financial Aid and Student Loans
Even some of the best savers won't always have as much as they need for college. Most students will need financial aid. Click here to visit finaid.org, a public service site devoted to questions and answers about financial aid. Click here to visit Nelnet's college planning center for information about student loans.
ProFed Services
Get ready to head to college by opening your checking account and signing up for a Visa Checking Card. Plus, you can take advantage of lots of great benefits and rewards when you sign up for iPro Student Services. You can track your spending electronically with Online Banking or Touch-Tone Teller.
ProFed Scholarships
Another way ProFed makes education more affordable is by offering thousands of scholarship dollars each academic year.
For high school and college students, ProFed offers the Carroll R. Phillips Memorial Scholarship. This scholarship, named for the late chairman of the ProFed board, offers five $1,000 scholarships to young members of ProFed.
Adult students may qualify for the Robert A. Weaver Scholarship. This award is named in honor of the Fort Wayne educator, who is another former ProFed board chairman. Two $1,000 scholarships are given annually to adult students wishing to further their careers by returning to school.
