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Funding for Texas’ education savings account program is expected to dry up before it reaches all low-income applicants, the state comptroller’s office announced April 2.
The overview: More than a quarter of a million students applied for the first year of Texas Education Freedom Accounts, which will give participating families access to state funds to send their children to private school or homeschool them.
The details: Most eligible students will be placed on a waitlist for the 2026-27 school year, as the $1 billion program is expected to serve between 90,000 and 100,000 students. State officials said all funds are expected to go to students with disabilities, their siblings and children from low-income families.
The state will use a four-tier, randomized lottery system to determine who is accepted. Once funding runs out, the remaining students will be placed on a waitlist.
How it works: Students with disabilities can receive up to $30,000 each in ESA funding, depending on their individual needs. Other accepted students will receive $10,474 for private education or $2,000 for homeschooling.
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