- An Education Savings Account (ESA) will be created for every school age (K-12) child in California.
- On August 1 of each year the State of California will deposit into that account a sum equal to the average amount spent by the state on each school age child.
- This money can be used to attend a school chosen by the parents. The child can remain at the current public school or attend an accredited charter, private or parochial school.
- Any money not used for tuition can be accumulated and used for other qualified educational expenses and/or saved and used for in-state college or vocational training.
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