New state scholarship fund opens

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INDIANAPOLIS — One year after its creation, Indiana’s newest scholarship fund is ready to launch, the Indiana Treasurer’s Office announced.

The Indiana Education Scholarship Account Program joins the state’s catalog of education opportunities and is designed for families seeking to take control of their student’s academic journeys. The application window will open for eligible students on June 27.

The Education Scholarship Account Program provides tax-free scholarship funds to eligible students for pre-approved education expenses such as tuition, therapies, assessments and fee-for-service transportation to spend with pre-approved educational service providers. Funds are not counted as income for families of recipients, nor do funds impact other forms of financial aid.

For the 2022-23 school year, the application window for eligible students is June 27 through Aug. 5. Applications can be found online at www.in.gov/tos/inesa.

To be eligible for ESA funds, students must be a resident of Indiana; are between the ages of 5-22 years old; require special education services and have an Individualized Education Program, Service Plan, or Choice Special Education Plan; and annual income may not exceed 300% of the federal Free and Reduced Lunch income qualification.