Odyssey, a New York-based tech company, has been selected to manage Texas’ $1 billion education savings account program, the state comptroller’s office announced Oct. 6.
The overview: Odyssey will work with the comptroller to launch the program, deemed “Texas Education Freedom Accounts,” ahead of the 2026-27 school year. Families can begin applying for the program early next year, and those accepted will receive thousands of dollars in state funds to send their children to private school or homeschool them.
Zooming in: Odyssey will develop and manage an online platform to administer Texas’ education savings account program. State law also tasks the company with:
- Collecting applications and determining which families are accepted to the program
- Approving vendors for education-related materials and services, such as textbooks, transportation and tutoring
- Reviewing inquiries and complaints about the program
- Advertising the program and communicating with interested families
Odyssey operates similar education savings account programs in Georgia, Iowa, Louisiana, Utah and Wyoming.
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