Education Savings Accounts (ESA)

The Students First Act, signed into law on January 24, 2023, makes state funding available to support the success of every K-12 student in Iowa.  The bill establishes a framework and funding for education savings accounts, which may be used by eligible families to cover tuition, fees, and other qualified education expenses at accredited, non-public schools in Iowa.

Education Savings Account eligibility will be phased in over three years.  ESA's are only available to students that are Iowa residents.  Eligible families will receive an amount equal to the per pupil funding allocated to public school districts for the same budget school year ($7635 for the 2023-2024 school year).