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Education IRAs are now called Coverdell education savings accounts. The maximum annual contribution is $2,000 per student.

Can we indeed have two Ed IRA accounts for her as long as we don't over-contribute between the both of them?

That's my understanding.

Check out the description of them in the Fool's College Savings section:
http://www.fool.com/college/college.htm

- Megan

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