Philanthropists, Please Answer the Nevada ESA Bell || John Merrifield || July 3, 2015
A key to the educational and political success of the landmark Nevada Education Savings Account (ESA) legislation is philanthropic dollars to finance ESA top-offs for low income families. The annual ESA deposit is about $5000. That’s enough to get into a lot of parochial private schools, but not enough for very many, if any, of the non-sectarian private options; either those already available or likely to be available soon via entrepreneurial initiative. Through competitive pressure over time, lots of private schooling options costing somewhat more than $5000/year will likely become available. When the full tuition amount of a preferred private school is more than the ESA amount – say $5000 for discussion purposes – admission to the preferred school will require shared financing, as it is called in Chile, or a co-payment (the term used in the 2002 U.S. Supreme Court Zelman decision that green-lighted sectarian school use of tuition vouchers). Continue reading →