Establishes the Education Savings Account Program in Illinois, allowing parents to use state aid for their children's education at private schools.
The Illinois Education Savings Account Act creates a program enabling parents to use state aid for their children's education at private schools. Eligible students include those from households with incomes up to 2.5 times the federal free or reduced-price lunch program standard. Parents must sign an agreement to provide education in specified subjects and ensure their child takes annual tests. The State Board of Education will deposit state aid into the accounts, with amounts varying based on household income.
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