What’s the difference between vouchers, tax credits and ESAs?

Vouchers, tax credits and Education Scholarship Accounts (ESAs) are different mechanisms that fund private education choice. Vouchers are state-funded stipends that parents can redeem at private schools for tuition. Tax credits reduce tax liability for private education expenses made by individuals or businesses that donate to scholarship funds or by parents who pay for tuition or other education expenses. ESAs allocate public funds to state-supervised, parent-managed accounts, which can be used for a wider range of education expenses, offering more flexibility than vouchers or tax credits.