Maryland HB1204 establishes an Education Savings Account Program to provide state grants to parents for their children's education expenses.

Maryland HB1204 creates the Education Savings Account Program, administered by the State Department of Education. The program provides state grants to parents of eligible students for education expenses. Eligible students must be residents of Maryland and have attended a public, charter, or home school for a minimum period. The grants are deposited into accounts managed by qualified private financial management firms. Funds can be used for tuition, textbooks, private tutoring, and other approved educational expenses.

Maryland HB1204 establishes an Education Savings Account Program to provide state grants to parents for their children's education expenses.

Maryland HB1204 creates the Education Savings Account Program, administered by the State Department of Education. The program provides state grants to parents of eligible students for education expenses. Eligible students must be residents of Maryland and have attended a public, charter, or home school for a minimum period. The grants are deposited into accounts managed by qualified private financial management firms. Funds can be used for tuition, textbooks, private tutoring, and other approved educational expenses.