Savings Plan Could Open Doors For Students

September 21, 2016

Arizona has a groundbreaking educational opportunity for state families: Education savings accounts.

With an account, the state deposits a portion of a child’s funds from the state funding formula into a private bank account that parents use to buy educational products and services for their children.

Parents choose one or a variety of learning experiences, including online classes, personal tutors and private school tuition, in place of an assigned district school. Since 2011, four other states have enacted similar education savings account laws: Florida, Mississippi, Tennessee, and Nevada.

Knapp says David has settled in nicely at a new school. “The school has worked with me on meeting his needs,” she says.

A new study by the Goldwater Institute and the Cardinal Institute for West Virginia Policy details how West Virginia can give state families more learning opportunities with these accounts.

Read the full column HERE.

Read our Study: Education Savings Accounts for West Virginia Students with Special Needs