Which term describes funds specifically set aside for future educational expenses?

The term that describes funds specifically set aside for future educational expenses is Education Savings. This type of savings focuses on accumulating money to cover tuition, fees, books, and other costs associated with education. By identifying funds for education, individuals can plan for future educational needs, ensuring they have the financial resources available when it's time for schooling.

Education savings accounts often come with tax advantages or incentives designed to encourage saving for education. They can include specific types of accounts such as 529 plans or Coverdell Education Savings Accounts, which are structured to help families save systematically for their children's education, often allowing the funds to grow tax-free as long as they are used for eligible educational expenses.

In contrast, other types of funds mentioned serve different purposes. A retirement fund focuses on saving for one's retirement, an emergency fund is intended for unexpected expenses or financial emergencies, and an investment fund generally aims to grow wealth over time without a specific tie to education. This distinction highlights why Education Savings is the correct choice for this question.