What are the different types of private-school choice?
States use three major approaches to subsidize private-school tuition and other costs:
● Vouchers, the most widely known of the three, provide parents with some portion of their child’s state education funding in the form of a “coupon” to pay for tuition at a private school.
● Education savings accounts (ESAs) operate somewhat similarly, allowing parents to withdraw state funds deposited into individual accounts to pay for private school tuition, online learning, tutoring programs, or other approved educational expenses. The new, high-profile choice initiatives in Arizona, Arkansas, Iowa, and Utah are ESAs.
● Tax-credit scholarships allow taxpayers, both individuals and businesses, to receive tax credits when they donate to nonprofit organizations that provide private school scholarships.