Educational Savings Accounts

Clint Bolick has an excellent article for Defining Ideas, a publication of the Hoover Institution, concerning the improvement of K-12 education. It concerns educational savings accounts for any child who agrees not to attend the public schools, funded by the roughly 90 percent of public school spending which doesn't come from local district taxes.

The savings account can be used for any approved education expense, from private school tuition to distance learning, curriculum, software, tutoring, community college tuition, contributions to a 529 college savings plan, or discrete services offered by public schools. Any money remaining after high school graduation can be used for college.