Nevada just launched the best school choice program in the country. In May of 2015, the Nevada State Legislature approved Senate Bill 302 (SB302).
Senate Bill 302 allows Nevada parents to receive $5,100 – $5,700 annually to spend on private school, online education, and tutoring. From 1st to 12th grade, that’s equivalent to $61,200 – $68,400.
What’s the catch? Your child must attend a Nevada public school for at least 100 consecutive school days (absences are allowed, but no more than 15 consecutive absences). Parents may then take their student out of public school to attend private school or homeschool. The Nevada State Treasurer will then award parents with an annual $5,100 – $5,700 Educational Savings Account (ESA) to help pay for education-related expenses including tuition, class/exam fees, textbooks, and tutoring. Funds will be deposited quarterly onto a debit card, which will be frozen during any school year break.
How to Get Funds?
Simply fill out this online ESA application. The early application deadline is November 30, 2015. If your application is accepted, you must remove your child from public school no later than March 31, 2016 and you will receive your Educational Savings Account funds in April 2016.
• If your child has been enrolled in public school for the past 100 consecutive school days, then you are immediately eligible.
• If your child has been enrolled in private school, you may want to consider enrolling him or her in public school for at least 100 consecutive days so that you are eligible for the next open enrollment period (you cannot submit an application before your student has attended 100 days in a public school).
• If your child is under the age of 7, your application will be placed in an approved/pending status. It is unclear whether preschool and kindergarten students will need to meet the 100 school-day requirement. Therefore, it’s in your best interest to submit an early application.
If you do not submit an early application, you can apply during the following open enrollment periods later:
Open Enrollment Periods
01/04/16 – 02/29/16 – You will receive funds in April 2016
04/01/16 – 05/31/16 – You will receive funds in July 2016
07/01/16 – 08/31/16 – You will receive funds in October 2016
10/01/16 – 11/30/16 – You will receive funds in January 2017
In addition, don’t forget to use a portion of your Educational Savings Account to enroll your student in an SAT or ACT prep class at 2400 Expert 😉