Iowa Approval of option grant
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How to fill out Approval Of Option Grant?
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FAQ
Students Receive up to $7,500 per School Year.
On January 24, 2023, Governor Reynolds signed the Students First Act into law, just two weeks after introducing it in her annual Condition of the State address. The bill makes state education funding available for K-12 students who choose to attend private schools.
Education Savings Accounts The funds are estimated at $7,598 per pupil for the 2023-2024 school year and will be deposited into an education savings account (ESA) to be used for tuition, fees, and other qualified education expenses.
The new law forbids public and charter schools in Iowa from providing instruction relating to gender identity or sexual orientation in kindergarten through sixth grade. Private schools may still discuss LGBTQ identities in elementary school ? if they wish.
Iowa Private Schools The average tuition for private schools in the state is $4,953 for elementary schools and $9,167 for high schools. Iowa has a new scholarship, an education savings account program, that gives families funds to use for tuition and other expenses at accredited private schools.
During the 2023-2024 school year, private school students with household incomes at or below 300% of the federal poverty level (FPL), currently $90,000 or less for a family of four, are eligible.
Award Amount and Limits The funded maximum 2023-24 award at participating Iowa not-for-profit private institutions is $7,500. Recipients can receive grants for up to four years of full-time, undergraduate study. Part-time students may be eligible for adjusted amounts.
Taxpayers who have one or more dependents attending kindergarten through 12th grade in an accredited Iowa school or receiving qualifying private instruction may take a credit for each dependent for amounts paid for tuition and textbooks.