They are fully invested in secure, tax free instruments to maximize return. They are accessed by an electronic transaction device acceptable at any qualified provider of learning services. Every transaction is electronically authorized and can be paid electronically, either in advance or as learning service is provided at a cost of less than two cents per transaction. The learning can take place at any combination of home, work place, computerized neighborhood centers or traditional schools. The account allows the learner to proceed at their optimal pace, relieving them of the stigma of lock-step, age requirements.
Individuals are free to decide whether to follow a purely academic path, or work-learning.
At any time, they are free to move between work-learning and academic learning, taking their account with them. Funds from public sources gradually decline and are replaced by funds from employers as the learner makes a transition to their life work. Comparable degrees are awarded for comparable achievement, whether accomplished through the traditional academic path or through work-learning. Prices move freely by supply and demand, although they can be set by public policy where essential. Funds are vested in the learner.