Small Business Freedom 250 Expo
Secretary of Education Linda McMahon takes a seat ahead of the Small Business Administration's Million Dollar Pitch Competition, Friday, Sept. 18, 2026, in Washington.
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The Trump administration has proposed rules for a new federal scholarship program that launches at the start of next year. The scholarship can help families pay for private school, homeschooling and other educational expenses. Taxpayers who donate to the scholarship funds will get a federal tax credit. The program aims to support school choice and is expected to benefit about 96% of children in participating states. At least 30 states have opted in so far. The program also allows public school students to use scholarships for tutoring or special education therapies. The IRS and Treasury Department predict it will eventually fund up to 2.2 million scholarships annually.
