The 21st Century Education Savings Accounts

School choice programs, from charter schools to voucher and tax credit scholarship programs, enjoy bipartisan support and are growing quickly across a majority of states. However, not all school choice programs are created equal. Education savings accounts, sometimes called flexible education spending accounts or ESAs, are “the new kid on the block” in the arsenal of innovative programs that allow parents to direct funds toward the educational opportunities that best suit their child. ESAs take Milton Friedman’s initial voucher plans to the next logical step: allowing parents to fully control the dollars the state allocates for the education of their pupil.

This report explores the benefits and challenges that accompany the groundbreaking programs which allow parents to fully control state dollars allocated to their child’s education, as well as points to three tools – peer reviews, branding, and consumer reports – that parents will use in the future of individually-customized educational options.

Featured Publication:

Report Card on American Education: 22nd Edition

The status quo is not working. Whether by international comparisons, state and national proficiency measures, civic literacy rates, or career preparedness, American students are falling behind. The 22nd edition of the Report Card on American Education ranks states on their K-12 education and policy performance.

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