The legislation also permits third parties to deposit funds in the accounts, allowing relatives and employers to help educate our children. ESAs will infuse billions of new, private dollars into education. In addition to families, corporations and unions will be able to contribute funds to their employees' families and the real beneficiaries will be the kids who benefit from getting a first-rate education. Permissible expenses would include tuition, home computers, tutoring, after-school programs, school supplies and school uniforms. ESA's leave public money in public schools while giving parents increased resources for their child's increasing education needs.
Public education is no longer totally free.
There are numerous expenses that public schools just cannot afford, such as updated educational software, after-school programs and private tutoring sessions. These savings accounts are a way for parents to save for these things that every child should have access to. Private schools and urban communities will also greatly benefit from this legislation. Approximately 10 percent of America's children attend private schools. ESAs help families take advantage of the private school option without draining money from public schools.