Educational savings accounts can promote lifelong learning Some states, like Nevada, have enacted laws allowing parents the ability to use public education funds in a special account for various educational needs of their children. A Goldwater Institute paper suggests that expanding this freedom of use to college 529 plans and making the accounts flow through K-12 and into adulthood with same tax advantages can help students to take advantage of a variety of educational options before and after college, like tutoring and job skills training.