Education Savings Accounts Information
The proposed Parental Choice Education Savings Account (PCESA) program is modeled after Arizona’s successful Empowerment Savings Account (AESA) program.
PCESA will allow parents of special needs children to sign a contract with the State that requires the parent(s) to withdraw a qualifying student from a public or charter school and, in return, receive 90-100 percent of the State’s portion of the per-pupil education funding, which is deposited quarterly to a savings account. The contract will require the parents to agree to provide the student with instruction in accordance with educational alternatives allowed by Virginia Code. Account expenditures will be restricted to defined educational expenditures. Parents must submit expenditure receipts quarterly, prior to receiving funds for the next quarter. Account expenditures will be subject to audit.
Improper use of funds will be subject to fines, penalties, and / or prosecution.
More key information on the bill is available on the "ESA's-at-a-glance" document here.
Virginia families should be free to choose a learning environment that works best for their student's unique needs - public or private, religious or secular - regardless of race, origin or family income. Education professionals and leaders from around the Commonwealth agree!
More information about ESA's can be found at the links below:
Washington Times Op-Ed: Parental choice means better learning outcomes
Legislative History in Virginia:
Goldwater Institute: The Next Frontier in Education
Goldwater Institute: Education Savings Accounts Turn 5 Years Old
The Atlantic: The Litigious Mess of Special Education
Jefferson Policy Journal:The Coming Education Challenge
Georgia Center for Opportunity: Mom and Apple Pie, Meet School Choice
Friedman Foundation report: THE WAY OF THE FUTURE: Education Savings Accounts for Every American Family, by MATTHEW LADNER, October 2012
More Friedman Foundation information on ESA’s
Cato Podcast: Educational Freedom Wins Florida
Goldwater Institute: Florida's Personal Learning Scholarship Accounts
Virginia Accreditation Reports
Florida Department of Education: Personal Learning Scholarship Account Program
Florida's Scholarship Granting Organization
Goldwater Institute: Faasse v. Scott Case Page
Goldwater Institute: Ed Reform page
American Legislative Exchange Council: Report Card on American Education
Institute for Justice- School Choice Media Kit
Friedman Foundation: Virginia Tuition Assistance Grant study
Thomas Jefferson Institute: Students Without Borders: Funding Online Education in Virginia
Thomas Jefferson Institute: Better Education for All Children: The Annual Fiscal Analysis of A Virginia Educational Improvement Tax Credit
The Federalist: Education Needs More Freedom, Not More Money