Des Moines, Iowa — Governor Kim Reynolds has selected a New York company to administer the new state-funded Education Savings Accounts created by a law she signed in January.
Odyssey was one of four companies that applied for the Iowa contract. The governor’s office announced state officials will now start negotiating contract details with the company. Reynolds spoke early Wednesday at the Iowa Alliance for Choice in Education rally at the statehouse. The governor told the crowd Iowa’s new law is spawning a revolution around the country.
This fall, low income parents who enroll a child in a private school will get about $7,600 from the state to cover tuition and other expenses. In the third year, all private school parents will qualify for the state funding. Odyssey is managing Education Savings Account programs in Arizona and Idaho. According to the governor’s office, the company will be in charge of customer service and fraud detection.
