Education Savings Accounts (ESAs)

Education Savings Accounts (ESAs) are financial tools that allow families to save and spend money for educational expenses. Typically funded by state contributions, ESAs provide parents with a set amount of funds that can be used for various educational purposes, such as tuition, textbooks, and tutoring. Unlike traditional school funding, ESAs offer flexibility, letting parents customize their children’s educational experiences, including private school, homeschooling, or special education services. Overall, ESAs aim to empower families to make informed choices regarding their children’s education while promoting a diverse range of learning options.