Educational Savings Account Details
Effective for the 2024 - 2025 school year, per pupil funding will be $7,826 per student, and ESAs will be available based on the following eligibility:
School Year 2025-26
-All K-12 students in Iowa regardless of income or previous school.
Additional Details:
-Families must apply every year.
-The ESA application should take no more than 10-15 minutes.
-Parents will receive one of the following statuses immediately after applying: Approved, Denied or More Information is Requested.
-Disbursements for approved applications will begin in July and a second disbursement will occur prior to the second semester.
Financial Aid Details:
-The NCS Financial Aid process utilizes Legacy of Grace for our student tuition assistance organization.
-Families must have a household income at or below 400% of the Federal Poverty level (see table below) or show additional reasons for need.
-Your income can be found on line 9 of your 2023 Federal 1040.
-There is no cost to apply.
Financial Aid & ESA - Frequently Asked Questions
Q. My income is under 400% of the federal poverty level. Can I apply for both ESA money and Financial Aid?
A. Yes, families who are under 400% of the federal poverty level can apply for both ESA funds and financial aid.
Q. I don't qualify for ESAs yet, but my household income is under 400%. Should I apply for financial assistance if I have applied and not received much in the past?
A. Families who fall under 400% of the federal poverty level should apply. In years past, much emphasis has been on assisting families who need the most help. With the introduction of ESAs, funds will be spread out more to higher-earning families who fall under the 400% income limit.
Q. Can I apply for an ESA or financial aid for a preschooler?
A. ESAs and the above financial aid option are only available for K-12 students. Preschool assistance for families living in Jasper, Marion and Poweshiek counties may be available for families who qualify. Click here for the JMP Early Childhood Iowa Preschool Scholarship Application.
Q. Where can I find out more details about ESAs?
A. Newton Christian will continue to share important details and deadlines with families, but you can learn more about ESAs through the Iowa Department of Education website.
