In the course of the present legislative session, Texas Governor signed Senate Invoice 2 into legislation, which establishes the state’s inaugural Training Financial savings Account (ESA) program. The laws is about to begin within the 2026-27 tutorial 12 months and allocates $1 billion over two years.
The legislation allows households to obtain roughly $10,000 per youngster yearly for personal college tuition or different school-related bills, together with books and transportation.
The invoice’s legislative journey left the state divided over the varsity voucher debate. Whereas proponents argued it might give dad and mom a desire in enrolling their kids in a college, opponents of the legislation argue it might adversely affect low-income college students and faculties in rural areas.
Right here’s how they may work:
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