Minnesota SF244 establishes an Education Savings Accounts (ESA) program for eligible students.
Minnesota SF244, titled the "Education Savings Accounts for Minnesota Students Act," establishes a program allowing eligible students to use education savings accounts for qualifying educational expenses. Eligible students include those residing in Minnesota with household incomes not exceeding four times the income standard for reduced-price meals. The program includes provisions for funding, application processes, and oversight by the commissioner of the Department of Revenue. Funds can be used for expenses like tuition, textbooks, and online courses.
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