Florida Scholarships Give K-12 Students Educational Options
Scholarship Fast Facts
2023-24 Fast Facts:
127,689 students enrolled on the Florida Tax Credit Scholarship (FTC).
134,150 students enrolled on Family Empowerment Scholarship for Educational Options (FES-EO).
18,688 students with the Personalized Education Program scholarship (PEP).
Average household income of $86,000 for a family of four.
56% Black or Hispanic.
39% of students live in single-parent households.
2,187 participating private schools.
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The Florida Tax Credit Scholarship Program (FTC) and the Family Empowerment Scholarship for Educational Options (FES-EO)
Florida’s two private school scholarship programs, the Florida Tax Credit Scholarship Program and the Family Empowerment Scholarship for Educational Options (FES-EO) give students learning options not available to them because of their financial circumstances.
Both programs provide private school scholarships or help with transportation costs to an out-of-district public school.
Florida also offers the first-of-its-kind education savings account program for parents wishing to provide a home education program for their child called the Personalized Education Program (PEP).
Urban Institute Study
A first-of-its-kind student on the long-term effects of the scholarship program found that FTC scholarship students are up to 43 percent more likely to go to college and up to 29 percent more likely to earn an associate's degree. See fact sheet here.
Florida Department of Education Reports
More than a decade of research by academics at the University of Florida, Northwestern University and now Florida State University, have found that once on the scholarship program, students who had been struggling academically now maintain pace with the average student nationally.
The Typical Student
The Typical School
Transparency and Legal Requirements
The History of Choice in Florida
Florida Scholarship Law
Florida’s education choice programs are governed in the Florida Statutes chapter 1002. In 2001, the main law was 1,332 words. In 2022, it was 27,406 (governed by 1002.394, 1002.395, 1002.40, 1002.42 and 1002.421.)
Read more about program rules and accountability here.
The Impact on the Florida Budget
The March 2010 State Office of Program Policy Analysis and Government Accountability report uncovered two remarkable findings on how the the Florida Tax Credit Scholarship program saves taxpayer money:
- For fiscal year 2008-2009, the scholarship program saved taxpayers $36.2 million and,
- For every $1 lost to tax credits, the state saved $1.44. “While the Florida Tax Credit Scholarship Program reduces the amount of tax revenues received by the state, it produces a net fiscal benefit,” the report found, “This occurs because education spending for students receiving scholarships is reduced by more than the amount of revenue lost.”
According to Florida Tax Watch, during the 2017-18 school year, the FTC scholarship was worth $0.59 for every $1 spent on public education from all sources. For more information on costs and savings regarding the Florida Tax Credit Scholarship see the Cost Savings Fact Sheet.