So, how does this program work? It’s pretty straightforward. The state of Arkansas puts money into an account for each child who is accepted into the program. Parents apply for the program, and if accepted, they get a certain amount of money each year for educational expenses. Education Freedom Accounts provide funding up to 90% of the State’s prior year per-student foundation funding amount, up to around $6,600 for the 2023-2024 school year.
The 2024 – 2025 Student EFA Application Portal is temporarily closed. The portal will re-open in mid to late July.