SB0255: Education accounts.

Legislative Summary

Education accounts. Expires the Indiana choice scholarship program and Indiana education scholarship account program on June 30, 2025. Beginning July 1, 2025, establishes the Indiana funding students first grant program (program) as a pilot program through June 30, 2027. Provides that the treasurer of state shall administer the program. Allows the parents of eligible students who are homeschooled or who attend a public school or a nonpublic school to apply to the treasurer of state to establish an account for purposes of the program. Defines "eligible student". Specifies the annual grant amount to the eligible student's account. Provides that the parent of an eligible student may use money in a program account for any qualified expense. Defines "qualified expense" for purposes of the program. Requires all students who participate in the program to take the statewide assessment. Makes conforming changes and technical corrections.