HOW DOES THE ESA WORK?

Let’s look at an example. If a MAX customer elects to invest in $100,000 in training over the next year, they can put that in their MAX savings account, and choose how they spend their budget.  This same customer wants to purchase a $30,000 private class and two $2,500 public courses.

• The Private class will be completely paid for by the Education Savings Account.
• The 2 public courses will be discounted by 25% AND paid for from the Education Savings Account.

       $100,000     ESA balance
                  -$30,000     Private Class
                    -$3,750     (2 Public Classes – $5,000 – ($5000 x .25)

  ---

                = $70,000     ESA balance

• With a MAX Education Savings Account at the $100,000+ level, you can make semiannual deposits. A 50% deposit will open your account and the remaining 50% can be deposited six months later or at the time the first half is redeemed, whichever comes first.

• To receive your Education Savings discount, your account needs to be funded prior to the first day of class.

• MAX Education Savings Account funds are good for two years from the date of deposit.