Arizona’s one-of-a-kind education savings accounts (ESAs), called Empowerment Scholarship Accounts, are bank accounts eligible parents can use only for their children’s education expenses, current or future. The Arizona Department of Education issues parents debit cards loaded with funds, which amount to about 90 percent of what the state has already reserved for that child in […]
In this follow-up study, authors examine more data from Arizona’s Empowerment Scholarship Account program, an education savings account (ESA) program. The program allows families to spend their education dollars on a variety of options, including private tutoring, learning therapies, and more. The Education Debit Card II: What Arizona Parents Purchase with Education Savings Accounts reveals ESA families’ expenditures now and how spending trends have changed since our last report.
Wondering how education savings accounts (ESAs) work in Arizona? This video offers a quick and simple explanation of how ESAs work in general. Learn where ESA funding comes from, how parents use ESAs and how kids benefit from this innovative educational option.