Reynolds Announces Opening Of Application Period For State-Funded ESAs

Des Moines, Iowa — Some Iowa parents may begin applying for $7,600 in state funding to cover private school tuition for their children.

The plan for state-funded Educational Savings Accounts was the number one legislative priority for Governor Kim Reynolds. She released a video message Wednesday morning.

Not all parents are eligible this year, however, as only parents with an annual household income at or below 300 percent of the federal poverty line may apply. In year three, every parent of a private school student becomes eligible.

A New York company is managing the online portal where Iowans apply for the state funding and the company makes the tuition payments to private schools. If there’s money remaining, it may be used for other approved expenses, like tutoring or school books.

The application period for low-income parents who enroll their kids in private schools opened at 8 a.m. Wednesday and closes June 30th.