Jeb Bush

Jeb Bush's policies onEducation

Convert 529 college savings accounts into Education Savings Accounts

In our increasingly knowledge-based economy, everyone needs to save for education—not just for college, but for the entire span of their lives. To support saving for lifelong learning, Governor Bush would convert 529 college savings accounts into Education Savings Accounts. These accounts would allow families and individuals to save tax-free for education, including for pre-K, elementary school, high school, college, job training, tutoring, summer school or online classes, etc. Relatives, employers, and other non-relatives would also be able to contribute. To help low-income families save for their children’s education, Governor Bush would encourage charitable giving directly to the Education Savings Accounts of low-income children by making those contributions tax-deductible. States would continue to choose whether to offer Education Savings Accounts and oversee these savings plans.

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