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The just-passed tax law includes a big perk for families who send their children to private school: the ability to use certain tax-advantaged savings accounts, which until now could only be used to save for higher education, to pay for K-12 school, too.
That’s led to criticism from those who note that the wealthy stand to benefit the most and that local public school budgets could take a hit, and support from school choice advocates like Betsy DeVos, who argue it will expand access to private schools. But there’s reason to believe that the move won’t make private school feasible for any more families — and that private schools are likely to raise tuition in response.
Here’s why: All families are eligible to use the saving accounts, known as 529s. That means unlike a lot of state programs that offer private school vouchers or tax credits, the 529s aren’t targeted at poor students, those with a disability, or other specific groups.
Read the full article by Matt Barnum about private schools from Chalkbeat