Summary
The Texas comptroller’s office announced that Odyssey, a New York-based company, will help manage a $1 billion school voucher program called Texas Education Freedom Accounts (TEFA). The program will provide Texas families with funds for private school tuition and homeschooling. Odyssey will handle applications and payments, with the program starting in early 2026.
Key Facts
- Texas' school voucher program is named Texas Education Freedom Accounts (TEFA).
- The state has partnered with Odyssey to manage this $1 billion program.
- Families will receive $10,000 for private school tuition and $2,000 for homeschooling.
- Odyssey will process applications and manage payments for schools and educational resources.
- The contract with Odyssey is set for two years and will cost up to $50 million initially.
- Odyssey has past experience managing similar programs in various states.
- Families can apply for the program funds starting in early 2026.
