What is an Education Savings Account?
Education savings accounts (ESAs) are a type of school choice program that allow parents to take their children out of public or charter schools. They then receive a deposit of public funds into government approved savings accounts. These accounts have restrictions, but they do have multiple uses. The funds are often given to families via debit card.This money can then cover private school tuition and fees, online learning programs, private tutoring, community college costs, higher education expenses and other customized learning services and materials that have been approved. Finally, some ESAs (not all) even allow students to use their funds to pay for a combination of public school courses and privately provided services.
States That Have Them
Currently, six states have (ESAs). The links bellow provide program details. The details include approved expense types, family eligibility tests, participation numbers, funding amounts, etc.