Grace Baptist Academy has qualified for the new Educational Savings Account (ESA) program in the state of Tennessee. This state program has now been extended, by recently enacted law, to be offered to residents of Hamilton County this coming school year. The fundamental goal of this legislation is helping qualified parents to have the freedom to choose the school they desire for their child. You can go to this website if you want to learn more on your own. Applications for 2024-25 open on February 1, 2024.
This program has household income level qualifications and at this time is only available for those living in the Hamilton County school district. Furthermore, to qualify for this $8,943 (full year amount for 2023-24) grant per child, your student MUST qualify in one of three ways for this coming year:
And then you also must have an Annual Household Income below the following levels (will increase for 2024-25):
2 household members max: $51,272 6 household members max: $104,728
3 household members max: $64,636 7 household members max: $118,092
4 household members max: $78,000 8 household members max: $133,456
5 household members max: $91,000 9 household members max: $144,820
*this will be based on and verified by your 2023 tax return