Forbes on Education Savings Accounts

(Guest Post by Matthew Ladner)

Forbes magazine on the ESA update to the voucher concept. I like the iPhone analogy as the first generation of phones were only designed to do one thing, whereas a modern smart phone expands capabilities and options considerably. Likewise, our first generation of choice programs were essentially designed to allow children to transfer into a pre-existing stock of non-profit schools, whereas Education Savings Accounts open many more options.

Meet the new and improved brick!

Take a look- but before any of you conspiracy theorists get started, please note that the financial services fees from similar accounts such as college savings accounts and HSAs went below 1% years ago and have continued to fall. If only the “management fee” for public education were heading in the same direction…

2 Responses to Forbes on Education Savings Accounts

  1. (Matt): “If only the ‘management fee’ for public education were headed in the same direction…

    That’s one reason to prefer Parent Performance Contracting over vouchers, tuition tax credits, or charter schools. “I cut, you choose” enforces restraint. When the managers of the NEA/AFT/AFSCME cartel’s schools must subsidize escape options from their budgets they might moderate their demands on taxpayers and work to make their school more attractive.

  2. harriettubmanagenda says:

    (Matt): “If only the ‘management fee’ for public education were headed in the same direction…

    That’s one reason to prefer Parent Performance Contracting over vouchers, tuition tax credits, or charter schools. “I cut, you choose” enforces restraint. When the managers of the NEA/AFT/AFSCME cartel’s schools must subsidize escape options from their budgets they will moderate their demands on taxpayers and work to make their schools more attractive.

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