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What is a Scholarship Tax Credit Program?

STC

SCHOLARSHIP TAX CREDIT PROGRAMS

Scholarship tax credit programs give families greater access to high-quality private schools by providing incentives for businesses and individuals to get involved in education reform.

Answer

Scholarship tax credit programs create new pools of funding so that children can receive scholarships to attend the private schools of their parents’ choice. Corporations and individuals make private donations to nonprofit organizations that provide scholarships to eligible children.  In return, the corporations and individuals receive a state income tax credit. There are 21 scholarship tax credit programs operating across the country, and research has demonstrated that these programs are positive for student achievement and save money for state and local governments


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