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Bill would move Education Freedom Account administration to Department of Education; sponsors cite transparency and cost savings
Summary
Senate sponsor Deborah Altschuler said SB207 would move administration of the Education Freedom Account program to the New Hampshire Department of Education to improve transparency and reduce administrative fees.
Senator Deborah Altschuler told the Senate Education Committee she filed Senate Bill 207 to require the New Hampshire Department of Education (DOE) to administer the Education Freedom Account (EFA) program.
Altschuler said moving administration under the DOE would reduce administrative fees currently retained by the third‑party manager and make program records available for legislative auditing. "Currently the Children's Scholarship Fund can use up to 10% of deposits ... Pulling this program under the Department of Education will significantly reduce those costs," she said, noting a projected program cost near $30 million and that limiting administrative holdbacks to no more than 5 percent would free…
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