Iowa's Education Savings Account (ESA) program cost doubles due to revised contract with Odyssey, adding transaction fees.
Iowa's Education Savings Account (ESA) program cost is expected to double due to a revised contract between the state and Odyssey, the company managing the program. State Auditor Rob Sand stated that the cost increase is due to changes in the contract, including adding transaction fees. Critics argue that the state did not follow proper procedures when amending the contract, and the cost increase is not justified.
July 23, 2024
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