According to a new report, educational savings accounts are
becoming the new mechanism for linking K-12 programs with higher
Jeff Reed of The Friedman Foundation for Educational Choice
says ESAs -- managed by parents with state supervision to ensure
accountability -- greatly expand educational options for parents,
as they allow public funds to be used for vouchers, online
learning, tutors, home schooling and even therapists.
"Or even if they don't do that, they can save some of those
funds for higher education, which is also an incredibly important
piece of linking K-12 access with higher education access, because
we all know that in today's day and age, advanced learning beyond
just K-12 is also important," Reed offers.
Reed believes allowing parents to use ESA funds for higher
education gives them powerful incentives to "judge" education
providers at the K-12 level "on quality and on cost."
"So this is a great measure to keep costs down in K-12
education, while still giving kids an effective learning
experience," he concludes.
"The Way of the Future" is available on The
Friedman Foundation's website.