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GOP senators file bill to create Education Savings Accounts for military families

Ted Cruz and Jim Banks introduced a bill to create Education Savings Accounts for children of active-duty service members, amending the Elementary and Secondary Education Act of 1965 to allow military families to establish these accounts for educational expenses.
The bill allows for up to $6,000 to cover various educational expenses, with unused funds rolling over annually and being tax exempt, but funds cannot be used for public school education.
Governor Kay Ivey reminded Alabama families to apply for the CHOOSE Act by April 7, which provides funding for eligible K-12 students, prioritizing those with special needs and siblings of participating students.

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Luverne Journal

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CHOOSE Act applications nearing close

Ivey reminds Alabama families to take action On Monday, Gov. Kay Ivey reminded Alabama families that the application period for the Creating Hope and Opportunity for Our Students’ Education (CHOOSE) Act — the state’s new education savings account (ESA) initiative — will close at midnight, a week from today, on Monday, April 7. The CHOOSE Act makes refundable income tax credits called education savings accounts (ESA) available to support the succ…

8 hours ago·Luverne, United States

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Key West Citizen

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GOP senators file bill to create Education Savings Accounts for military families

(The Center Square) – Republican U.S. Sens. Ted Cruz, R-Texas, and Jim Banks, R-Ind. introduced a bill to create Education Savings Accounts for the children of active-duty service members.

8 hours ago·Key West, United States

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