H.R. 10801
School Freedom Act of 2026
Summary:
• The bill terminates existing covered federal elementary and secondary education programs by June 30, 2027, and redirects those federal funds into individual "School Freedom Accounts" managed by the Secretary of the Treasury on behalf of eligible school-age children.
• Parents control how School Freedom Account funds are spent—either approving federal funds to flow to their child's public school or using those funds directly for a broad list of approved educational expenses including private school tuition, homeschooling materials, tutoring, and extracurricular activities.
• Upon completing secondary school, unused account funds convert into a "Higher Education and Skills Obtainment Fund" usable for postsecondary costs, which terminates when the individual reaches age 30.
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• Parents control how School Freedom Account funds are spent—either approving federal funds to flow to their child's public school or using those funds directly for a broad list of approved educational expenses including private school tuition, homeschooling materials, tutoring, and extracurricular activities.
• Upon completing secondary school, unused account funds convert into a "Higher Education and Skills Obtainment Fund" usable for postsecondary costs, which terminates when the individual reaches age 30.
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