What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
Overview of Education Savings Accounts
Parents can use the accounts to buy educational products and services for their child instead of sending him to a traditional or charter public school full-time. Families can hire a personal tutor for their child, find a class online, pay for individual public school classes or extracurricular activities, pay private school tuition, or even save for college. The accounts allow parents to customize their children’s education and choose multiple learning options simultaneously. This feature distinguishes the accounts from K–12 private school vouchers, which are private school scholarships that help families afford tuition and are available to eligible students in states like Ohio and Wisconsin.