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The School Freedom Act of 2024 would terminate all federal elementary and secondary education programs by June 30, 2025, and redirect federal education funding directly to parents through individual 'School Freedom Accounts.' Parents could use account funds to pay for private school tuition, tutoring, educational materials, or other approved educational expenses, or approve disbursement of funds to public schools. Unused funds would roll over annually and convert to higher education accounts after secondary school completion. The bill includes reporting requirements and prohibits Treasury from imposing limitations on account use.
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