Virginia K-12 Learning Acceleration Grants

As part of tax planning for my clients, I like to stay on top of any new developments. One such development for parents in Virginia is the new Virginia K-12 Learning Acceleration Grant Program.

Virginia has made $30 million available to help parents pay for qualified educational services. These include tutoring, technology to help students with extra learning needs, and therapy services. Here is a quick summary of the program:

Two grant sizes

  • $1,500 for each qualifying student or
  • $3,000 for each qualifying student with a family income below 300% of the federal poverty level (FPL).

Qualified students include school-aged children who live in Virginia. You can find the specific definition of “school-aged” here. Public, private, or homeschooled students are all eligible.

Income Verification

To qualify for the higher grant amount, family income must fall below the relevant thresholds:

Online application

Parents must submit an online application through the FACTS system to access the grants. The only documentation required is proof of residency (utility bill, driver’s license, etc) and a tax return (if seeking income verification).

Choosing a provider

Upon acceptance of an application, the parent must then log in to a separate system called ClassWallet to select a tutor from verified list (see screenshot shown below):

If your student’s tutor isn’t yet on the list, ask them to get verified, and then you can pay them through ClassWallet (see PAY VENDOR button below):

Expiration dates

To ensure the grant funds are used quickly, the program requires parents to spend the grant money by certain deadlines:

Restrictions

There are a couple notable restrictions on the program:

  • You cannot provide tutoring services to your own child
  • You cannot use the funds to pay for private school tuition

Overall, if you are a parent of a K-12 student in Virginia, this is a program worth checking out.

Matthew Jenkins is the Founder of Noble Hill Planning LLC. Matthew has over 15 years of experience working in both large and small financial services firms. Before starting his career in finance, Matthew served as a U.S. Army Ranger. Matthew values transparency and fair dealing and enjoys helping people prepare for a great retirement.

Matthew is a CFA® Charterholder and CERTIFIED FINANCIAL PLANNER™ Professional. He is also a member of the National Association of Personal Financial Advisors (NAPFA) and the Fee Only Network.