S 60
Education Savings Accounts for Military Families Act of 2023
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Bill overview
This bill, the Education Savings Accounts for Military Families Act of 2023, creates a program allowing parents of children with active-duty military parents to establish ‘Military Education Savings Accounts’ (MESAs). These accounts, managed by the Department of Education, would receive initial deposits of $6,000 per child and subsequent deposits would be adjusted based on the Consumer Price Index. Funds in the accounts can be used for various educational expenses, including private school tuition, tutoring, and higher education costs, subject to certain restrictions.
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