Minnesota HF2895 creates an education empowerment account program for eligible students.

Minnesota HF2895 establishes an education empowerment account program for eligible students. The program creates individual accounts for participating students, funded by a combination of state and federal dollars. Each year, the Department of Education transfers money into these accounts based on the student's grade level and the basic formula allowance. Eligible expenses include tuition, textbooks, standardized test fees, educational therapies, and computer hardware. Upon graduation, remaining funds can be used for postsecondary tuition.

Minnesota HF2895 creates an education empowerment account program for eligible students.

Minnesota HF2895 establishes an education empowerment account program for eligible students. The program creates individual accounts for participating students, funded by a combination of state and federal dollars. Each year, the Department of Education transfers money into these accounts based on the student's grade level and the basic formula allowance. Eligible expenses include tuition, textbooks, standardized test fees, educational therapies, and computer hardware. Upon graduation, remaining funds can be used for postsecondary tuition.