Iowans Surpass ESA Application Estimates, State Could Be Forced To Pay

(Des Moines, IA)  — Iowa could spend more than expected for Education Savings Accounts, as Iowans surpass applications estimates weeks ahead of the deadline. More than 16-thousand applications were submitted as of yesterday. That’s 25-hundred more applications than the Legislative Services Agency predicted. Lawmakers allocated 107-million dollars for the ESA program, but if all applications were accepted, the state would spend 20-million dollars more than expected. Not all applicants are guaranteed funding. The deadline to apply is June 30th.