Voucher schools are approved by the Indiana Board of Education to accept voucher scholarships. School vouchers enable families to enroll their child in a participating private school by using all or part of the public funding allocated for their child's education. Families receive vouchers to pay partial or full tuition to their child's private school using money typically spent by a school district. Participating private schools include religious and non-religious options.
Voucher programs expand school choice for families and enable them to choose a school that best fits their child's unique learning needs. Once a parent chooses a participating voucher school, they'll work with the school to receive a voucher to help cover the tuition costs. Parents can supplement the voucher with additional funds.
Education Savings Accounts (ESAs) are government-authorized accounts that families can use to help pay for tuition costs, educational products and services, and more. ESAs are funded with a portion of the income and sales tax revenue allocated for each child's education.
ESAs help families access the learning services that work best for their child's education. Parents can use these allocated funds to customize their child's education. The funds can roll over to help pay for future expenses, including college.
Scholarships may be given to students by a non-profit through a tax credit. Taxpayers, including individuals and businesses, receive tax credits when they donate to a non-profit that provides private school scholarships.
Parents work with the non-profit organization and surrounding schools to find the right fit before receiving a scholarship. States can limit the number of tax credits distributed, affecting the availability and size of the scholarships awarded.