Whatever you need to know in the future, you don’t know it now
What if you could save tax-free for education no matter your child’s age, without limits on how much you could save, or what educational expenses are allowable? What kinds of opportunities would open up for students of all ages with that kind of flexibility? You could use the funds to prepare for college or for job training later in life.
Higher education and private sector investment
Income share agreements would take the burden of college tuition repayment off of taxpayers and ask employers to invest more in the human capital they hope to find in the job market. That is certainly an improvement over Washington’s method of asking taxpayers for more money.
Education savings accounts and students with special needs in higher ed
Families shouldn’t have to wait for courts to decide how their children should be treated. Education savings accounts allow parents to act today—and prepare for tomorrow—in order to give their children the chance at a great future.
Putting faith in people, instead of faith in the system
Washington shouldn’t decide for taxpayers that they should subsidize as many people as possible to enter college. Like Thiel, let’s allow individuals to make the best decisions for themselves.
“All-time high” graduation rates, and what they mean
Nationwide, nearly 3 million students take remedial classes once they get to college, according to the Wall Street Journal. In 2012, the makers of the ACT college entrance exam said some 60 percent of high school graduates are not ready for higher education.
Learning from experience
Just as the 529 tax plan was a misguided proposal, the Common Core testing regime is a train wreck. In 2013, Florida abandoned the consortium designing one of the tests, Tennessee left last year, and Mississippi left in January.
Students winning in court
These flexible debit cards allow students to pay for K-12 expenses like private school tuition and tutoring as well as college tuition and fees. Parents can also use the accounts to save for college.
Whither remedial classes?
Some lawmakers are relying on high school diplomas as the main indicator of student readiness for college and whether or not a student needs remedial work. Unfortunately, the spotty and often poor quality of education that students receive in K-12 schools is what causes students to need remediation.
2014 Election: The rest of the results
Illinoisans voted in favor of a 3 percent tax increase for millionaires in order to collect more money for schools, although this referendum was not attached to a binding proposal to raise taxes. Before residents get too excited about sticking it to the rich, they should talk to Maryland residents. In 2009, the Wall Street Journal reported that one year after passing a millionaire tax, “one-third of millionaires … disappeared from Maryland tax rolls.” In fact, tax revenue collected from state millionaires actually declined after the tax was passed.
School choice and helping students find a home
Lawmakers should give homeless students access to flexible educational options and private school scholarships so that children in these families can have the same quality options as children from middle class and wealthier families. These choices will help break the cycle of poverty and give at-risk children hope for the future.