Kudos to our friends in Nevada. Yesterday the Silver State became the fifth state to approve Education Savings Accounts.
The legislation is the first universal ESA program in the country. The law provides children with special needs or who are from families with incomes less than 185 percent of the federal poverty level ($44,863 for a family of four) with 100 percent of the statewide average basic, per pupil support, about $5,700. Families with incomes above 185 percent of the federal poverty level, will receive 90 percent of the statewide average per pupil support, around $5,100.
Any student who has been enrolled in a Nevada public school for at least 100 days is eligible for the ESA program. Private and Home school students are not eligible for the program.
This is a big accomplishment. So congratulations to all those who worked so hard to make this a reality. Keep an eye on Nevada. We look forward to hearing how ESAs will improve educational opportunities for all Nevadans.