Education Savings Accounts are helping families across the country, giving families and students hope and access to education paths that work for them.
With an ESA, families are no longer limited to the offerings of their assigned neighborhood schools. Instead, they have the freedom to customize the best learning environment for their child based on their needs.
In Arizona, Florida, Mississippi, North Carolina and Tennessee ESAs give families funding for:
Families in Missouri do not currently have access to this innovative way to help families access the schools and resources that are the best fit for their children, but several legislators are working to change this in 2018.
The proposed Missouri Empowerment Scholarship Accounts Fund would allow families to apply for a scholarship of up to $6,241 per year to help the family seek a variety of other educational opportunities including homeschooling, private schools or virtual education.
Families could also use the funding to employ a private tutor, purchase textbooks, pay fees for Advanced Placement exams, contract for specialized therapies, purchase computers needed for education, or pay for summer or after-school education programs.
Empowerment scholarship funds would be considered as non-taxable income, and any funds left over at the end of the year would roll over to the following year, so families could save for expected expenses.
ESAs would give Missouri families the freedom to choose the mixture of schools and support that will work best for their children.