Nearly 92% Of U.S. Kids Qualify For The New $1,700 Federal Scholarship Tax Credit

Nearly 92% Of U.S. Kids Qualify For The New $1,700 Federal Scholarship Tax Credit

Author: The College Investor August 15, 2026 Duration: 5:00

An estimated 51.7 million children (91.7% of everyone eligible to enroll in a K-12 school) meet the income test to receive scholarships under the Education Freedom Tax Credit, the federal program launching January 1, 2027, according to a new report released Tuesday by the American Federation for Children.

The analysis is the first state-by-state estimate of who can actually receive money from the program, built on Census population estimates, American Community Survey microdata, and HUD income limits.

The credit was created as Section 25F of the tax code by the One Big Beautiful Bill Act, the same 2025 law that overhauled federal student loan borrowing.


Hosted by Robert Farrington, founder of The College Investor and a recognized Millennial Money Expert, The College Investor Audio Show transforms the website's most valuable insights into a daily, conversational format. This podcast directly tackles the financial hurdles unique to a generation, moving beyond theory into practical, actionable strategies. Each episode focuses on the core pillars of modern financial health: systematically eliminating student loan debt, demystifying the fundamentals of investing, and creating actionable paths to increase your income. The goal is clear: to guide you from a place of debt management to one of confident wealth building. You'll hear straightforward advice on navigating repayment plans, understanding where and how to start investing even with limited capital, and exploring side hustles or career moves that make a real difference. It’s a resource for anyone feeling stalled by their loans and eager to lay a solid foundation for their future. Tune in for a no-nonsense take on millennial money, where complex topics are broken down into manageable steps you can apply immediately.
Author: Language: English Episodes: 50

The College Investor Audio Show
Podcast Episodes
Families Spent $34,019 On College Last Year, Up 10% [not-audio_url] [/not-audio_url]

Duration: 11:29
American families spent an average of $34,019 on college during the 2025-26 academic year, a 10% increase from $30,837 the year before, according to the annual Salie Mae and Ipsos study How America Pays for College 2026.…
Trump May Forgive Upwards Of $170B In Student Loan Debt [not-audio_url] [/not-audio_url]

Duration: 10:09
When voters think of student loan forgiveness, they often picture executive actions and legal battles. Under President Biden, student loan debt relief efforts dominated headlines, particularly after the Supreme Court str…