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The Iowa Students First Education Savings Account is a special program in Iowa that helps parents with money for their child’s education. It’s like a bank account, but the money you put in can only be used for educational expenses.
How do I purchase Goally with my ESA funds?
Once approved, login to your Odyssey account, search “Goally” and check out! It’s just that simple!
How much money can a family receive with an Iowa Education Savings Account?
The per student funding for the 2023-24 school year will be $7,635. Half of the funds ($3,817.50) will be available for use in the Fall 2023 semester and the remaining half will be available for use in the Spring 2024 semester.
Who do I contact if I have questions?
Send your questions to [email protected] or call 515-954-5652.
How do I know if my family meets the income requirements to be eligible for the ESA?
In the 2023-24 school year, only families whose children were enrolled in an Iowa accredited nonpublic school will need to meet income eligibility requirements. Families with a household income at or below 300% of the 2023 Federal Poverty Guidelines are eligible. In 2024-25 school year, it will be families at or below 400% of the poverty guidelines.
What are eligible expenses?
See a whole list HERE.
How do I apply for the Iowa education Savings Account?
You can apply on Iowas Department of Education Website using the Odyssey platform here.
Here’s how the Iowa Students First Education Savings Account Program works. The state of Iowa provides funds for this program. Parents can apply for an account, and if they’re accepted, they get a certain amount of money each year for their child’s education. The per student funding for the 2023-24 school year will be $7,635. Half of the funds ($3,817.50) will be available for use in the Fall 2023 semester and the remaining half will be available for use in the Spring 2024 semester. Funds will be deposited into an education savings account (ESA) to be used for tuition, fees, and other qualified education expenses as specified in the legislation.
ESAs will be available based on the following eligibility:
| Year | Eligibility |
|---|---|
| Year 1: School Year 2023-2024 |
|
| Year 2: School Year 2024-2025 |
|
| Year 3: School Year 2025-2026 | All K-12 students in Iowa regardless of income |
Be sure to check out the Iowa Department of Education for up to date infromation.
