Instead, it encourages investment in all our schools. Parents would be saving their own money, not spending government funds, to help their children receive the best education possible. These accounts allow parents to invest their own money over time to plan for their children's future. Parents would have a real incentive to save for their children's education expenses, and as these accounts accumulate interest, they can have significant resources to pay for many of the services associated with educating their child. Even public education is no longer free.
Parents often have to pay for education expenses out of their own pocket.
In states like Arkansas where families in rural areas often do not have a choice about where to send their children to school, these accounts can help pay for distance learning programs, home computers, after-school programs, or additional tutoring. In addition, one of the most important aspects of this legislation is that corporations, charitable organizations, foundations, and unions can contribute to education savings accounts. This will inject billions of new dollars into education that would not have been spent previously. Critics sometimes say that this legislation would do nothing for lower-class families who cannot afford to invest in an education savings account. This legislation leaves public money in public schools.