Education: other; student opportunity scholarship accounts; create. Creates new act. TIE BAR WITH: SB 321'25

Senate Bill 320 establishes the "Student Opportunity Scholarship Act," creating a program to provide scholarships for eligible K-12 students in Michigan. The program targets students from lower-income households, those with disabilities, or children in foster care. Nonprofit Scholarship-Granting Organizations (SGOs) would administer individual Student Opportunity Scholarship (SOS) accounts, funded by tax-creditable contributions. These funds can be used for a variety of approved educational expenses, including public or nonpublic school tuition, online learning, tutoring, textbooks, and educational technology. The scholarship amounts vary based on factors like the student's current enrollment and disability status.