Glossary of Terms
Compiled from The Milton and Rose D. Friedman Foundation website: www.friedmanfoundation.org
Charter Schools
Charter schools are public, government-operated schools that offer their organizers exemption from many state regulations in exchange for the guarantee that they will meet certain performance standards. Charter school laws vary widely across the nation with regard to autonomy, teacher certification and accountability requirements.
Examples: 36 states and the District of Columbia have charter
school laws
Tax Credits/Tax Deductions
Empowering parents to claim a tax credit and/or tax deduction on their state income taxes for approved educational expenses, including books, supplies, computers, tutors, and, in some instances, tuition and transportation. Tax credits are dollar-for-dollar refunds for approved educational expenses. Tax deductions provide only a percentage of a refund for approved educational expenses. Most programs include income caps, which vary from state to state, and restrictions on the amount a parent can claim.
Examples: Minnesota, Arizona, Iowa, Illinois
Vouchers
Universal Vouchers
Allowing all parents to direct funds set aside for education by the government to send their children to a school of choice, whether that school is public, private or religious. In effect, separating the government financing of education from the government operation of schools.
Means-tested vouchers
Enabling income-eligible families, usually in limited numbers, to direct funds set aside for education by the government to pay for tuition at the public, private or religious school of their choice.
Examples: Cleveland, Milwaukee
Failing schools vouchers
Allowing all parents whose children attend public schools identified as failing to direct funds set aside for education by the government to a better performing public, private or religious school of their choice. There are no income requirements, and eligibility is based solely on the success of individual public schools.
Example: Florida



