Nevada’s Education Savings Account Program: FAQs

What is an Education Savings Account (ESA)? What can ESA funds be spent on?

An ESA is an account established to provide state Funds must be used to provide instruction to funds to pay for approved education expenses qualified students. Eligible expenses include: for qualified students. The program’s main  Tuition and fees for any participating purpose is to provide options for parents to freely entity; choose how and where to educate their children  Textbooks for a child enrolled at a with a grant from the state. participating entity;  Tutoring or other services provided by a Who is eligible for an ESA? tutor or tutoring facility;  Fees for nationally standardized norm- A parent of any child who is required to attend referenced achievement tests, advanced school may establish an Education Savings placement exams, or any exam related to Account if the student was enrolled full-time or post-secondary admissions; participated in any classes at a Nevada  Transportation required for the child to public/charter school for at least 100 consecutive travel to and from a participating entity, school days immediately preceding submission of up to $750 per school year; an ESA application.  Curriculum and supplemental materials;  Fees for management of the ESA. What is the application process for an ESA? **For a complete list of eligible expenses please read our Parent Handbook at www.nevadatreasurer.gov. Open enrollment periods will be held in the spring and fall months: What is a “participating entity?”  February 1 – March 31 o Approved applicants will be funded the following August A participating entity is one of the following  August 1 – September 30 entities eligible to receive funds from a student’s o Approved applicants will be funded ESA to provide approved education services: the following February  A private school  A university, state college or community If qualified, how much will the student receive? college  A program of distance education Qualified students will receive a grant of money  A tutor or tutoring agency in an amount equal to 90 or 100% of the  A parent of a home school student statewide average basic support per pupil **Those wishing to become a participating entity may (approximately $5,700), based on the following submit an application on our website. criteria: When will ESA funds be available?  Students with a disability: 100%  Students from a household with income Funding for ESA is currently waiting for an less than 185% of federally-designated appropriation by the 79th Legislature. As the 79th poverty level: 100% Legislative Session takes shape, parents should  All other students: 90% continue to consult www.nevadatreasurer.gov for updates. How will funds be distributed from the account? How can I get more information? A private financial management firm will be Join our email list at: identified to manage the education savings http://www.nevadatreasurer.gov/SchoolChoice/ accounts and handle receipt and disbursement Call us at: 702-486-5101 or email: of funds. [email protected]