Education Savings Accounts: States With Homeschool Grants For Families (2024)

TL:DR

Are you looking for support in curating your homeschool curriculum to fit your child's needs? Well the fact that you are here reading this is a great start!

Did you know that some states offer homeschool grants or stipends for families to pay for eligible educational expenses? They are commonly known as Education Savings Accounts however you may also see them referred to as Empowerment Scholarship Accounts, or Educational Savings Accounts.

What Are Education Savings Accounts?Education Savings Accounts (ESAs) are a resource that is available to save families money and can be used on tutoring, private school tuition, curricula, educational therapy services and and other academic resources by using government scholarship funds. ESAs can also offer homeschooling families the opportunity to access public funds allocated per student as well.

Not to be confused with 529 college savings plans, ESAs initially launched in Arizona in 2011. ESAs were initially targeted towards students with disabilities, those from low-income backgrounds, and students attending underperforming schools. However, with the rise of homeschooling during the pandemic, their appeal has surged, prompting more states to adopt programs, enabling all K-12 students to benefit from them.

Which States Offer Education Savings Accounts?

Each state establishes unique guidelines regarding program eligibility, scholarship amounts, and the permissible use of ESA funds. For families residing in participating states, it's important to periodically visit their state’s ESA website for detailed information on application procedures and eligibility criteria as the rules can change from year to year.

Check below to see if your state made the list then click its associated link to view their eligibility requirements!

*Please note that the availability and specifics of these programs may have changed, and new programs may have been introduced since our last update. Always check and verify with the relevant state authorities or homeschooling organizations for the most current information on grants or stipends for homeschooling families in your state.

How To Use An ESA?

Here's how it works: each state sets the amount of scholarship money and the criteria for what can be considered an eligible expense under ESA.

Now, when it comes to using your ESA, you've got a couple of options. You can either propose your own learning resources for approval by your state, or you can simply pick from the list of pre-approved resources available on your state's chosen platform.

Honestly, the easiest route? It's diving into your state's selected online platform and picking from the list of pre-approved educational resources already waiting for you there. They've got everything from homeschooling supplements to different learning materials and even live or virtual academic courses. It's like having a directory of approved education resources right at your fingertips!Integrate KidVestors Into Your Homeschool Curriculum

Great news for parents! You can seamlessly incorporate KidVestors into your homeschool curriculum.

First, visit your local program's marketplace or website to check if KidVestors is included in the list of approved resources. If so, you can use your local ESA funds to enroll your students in KidVestors, by completing our form here .

If you don't see us on the list yet, in most states you can also request for KidVestorsto be an approved vendor so you can allocate these funds to start teaching your students finance!

By weaving finance into your curriculum, you are gifting your kids the keys to navigate life's financial maze. With KidVestors you can teach budgeting, investing, and the art of smart money decisions. It's not just about dollars and cents; it's about molding responsible citizens who can thrive in a complex world because, let's face it, math without money isn't just boring; it's incomplete!

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