Heritage Foundation experts Lindsey Burke and Brittany Corona explain the value of Education Savings Accounts, which are being pioneered in Arizona as a new way for parents to fund their child’s education.
Families can use ESAs to pay for private school tuition, online learning and private tutoring. Parents are even able to roll over unused funds from year to year, and can even roll those funds into a college savings account.
Early data from Arizona show that not only are parents considering opportunity costs — whether they’re getting good value for their education spending — they’re also seizing the opportunity to tailor their child’s educational experience.
This is an important innovation that puts parents, not bureaucrats, in charge of education spending. A recent in-depth Heritage report explains how states can set up Education Savings Accounts.
Do you think parents should have more control over how education funds are spent?