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For example, universities should tell their students how much of their endowment funds are used for tuition relief.
The vouchers can theoretically also be used for tuition at suburban public schools near Cleveland, but no public schools are participating.
Earnings in the accounts are tax free if used for tuition, uniforms, transportation and other qualified expenses -- which, because of Mr. Allen's measure, include computer outlays.
Two mutually exclusive narratives competed for the Supreme Court's attention today as advocates and opponents of Cleveland's tuition voucher program debated whether the fact that nearly all the vouchers are used for tuition at religious schools makes the program unconstitutional.
If they work 1,700 hours during a 50-week period, they receive a grant of $4,725 to be used for tuition, repayment of student loans, training or health insurance.
Although the contributions are made with after-tax dollars, the earnings in the account are tax-free if used for tuition, uniforms, transportation and other "qualified expenses" -- which, because of Mr. Allen's measure, now include computer outlays.
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The vouchers, of up to $5,000 per person, could be used for college tuition or vocational training.
Network Rail has created the Could IT be you competition for women aged between 16 and 18 with a £9,000 prize to be used for university tuition fees.
By contrast, you get no federal tax break for putting money into a 529, but once it's in there it can grow tax free so long as it is used for college tuition or expenses.
Families can make withdrawals free of capital gains taxes as long the money is used for college tuition and expenses.
But the third reason is equally important: All the money in these accounts grows tax-free to be used for college tuition or expenses, at any college in any state, for any child in the same family!
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