Latest posts by Lennie Jarratt (see all)
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- Public School Employee Turning $358,000 into $7.1 Million - August 31, 2018
Nevada passed education savings accounts (ESA), which Gov. Brian Sandoval is expected to sign into law. Nevada becomes the first state to allow ESAs in a universal manner where all students and not just those with disabilities can benefit. This bill does the following:
- Provides parents $5000 into an ESA to attend a private school they choose via the State Treasurer. This money can be used for Tuition, Fees, Textbooks, Tutoring, Distance Learning, Achievement Tests, Transportation (up to $750 per year).
- Funds students 100% of the $5000 who have disabilities or a household income of less than 185% of the federal poverty level.
- Funds all other students 90% of the $5000.
- State Treasurer can deduct no more than 3% for administrative fees.
- Students and parents are participating will not be identified by the Treasurer, only the list of providers.
- All students participating must take standardized tests in Math and Language Arts.
- The independence and autonomy of any private schools will not be infringed upon.
- Homeshoolers who wish to participate can do so with the same rules as an opt-in student (Section 15.1 and 16.4)
Read the full text of the bill here.
Arizona and Florida were the first 2 states with ESA laws. Both of theirs were limited to students with disabilities. Tennessee will become the third to have ESAs for children with special needs with the Governors signature to after passing an ESA bill in April this year.