New funds available for Afterschool Enrichment/Care

July 7, 2021

The Ohio Senate created the Afterschool Child Enrichment (ACE) educational savings account as part of its’ recently passed version of the budget. This program will provide families whose income is at or below 300% of the federal poverty level (search 300% federal poverty guideline online for an income chart) with $500 that can be used to pay for a variety of enrichment activities for children between the ages of six and eighteen. 

Families must meet the income requirement, but ACE accounts can be opened for any student who attends a public or nonpublic school, as well as for those who are homeschooled. The downside to such extensive availability is that demand could rapidly outpace supply. (The bill uses federal coronavirus school relief appropriations to fund the program, and although it allocates $50 million for FY 2022 and $75 million for FY 2023, that’s not enough to cover all eligible students.) Because ACE accounts will be established on a first-come, first-served basis, it’s possible that interested families could miss out if they don’t apply soon enough. We will share application information as soon as it becomes available! 

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