Illinois HB2822 establishes an Education Savings Account Program for eligible students.
HB2822 creates the Education Savings Account Program in Illinois. The State Board of Education will deposit funds into accounts for eligible students, defined as those from households with incomes up to 2.5 times the federal free or reduced-price lunch standard. Parents must sign an agreement to provide certain educational subjects and not use the funds for non-educational purposes. Funds can be used for tuition, textbooks, tutoring, and other educational services.
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