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Education Funds Follow Student: Support for Lower-Income Families

This bill aims to redirect federal education funds directly to students from lower-income households, regardless of whether they attend public, private, or are homeschooled. Parents will be able to use these funds for tuition, educational materials, and other qualified learning expenses, potentially increasing their educational choices for their children.
Key points
Federal education funds will be directly allocated to 529 savings accounts for children from households with incomes up to 130% of the poverty level.
Funds can be used for tuition, educational materials, tutoring, and other qualified expenses for public, private, or homeschool education.
A 100% additional tax is imposed on grants not used for educational purposes to prevent misuse.
Parents must submit an annual application with income and child's details to receive assistance.
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Additional Information
Children Have Opportunities in Classrooms Everywhere Act
Print number: HR 463
Sponsor: Rep. Good, Bob [R-VA-5]
Process start date: 2023-01-24