Company running Iowa's education savings accounts overcomes fraud allegations

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EXCLUSIVE — An administrative judge in Iowa has dismissed allegations the company chosen to administer the state's education savings accounts misrepresented itself to win the school choice contract.

As families in Iowa began applying for ESAs this week, Primary Class was being accused of"substantial material misrepresentations" in its bid application.Iowa is the latest state to launch school choice, which began Wednesday with close to 10,000 students applying as of Friday morning. With more states implementing ESAs, the need for third-party vendors to administer the funds is rising, setting off bidding wars to win state contracts.

Odyssey provided the Washington Examiner with its post-trial brief contesting some of the accusations, arguing that"Inspired Life simply disagrees with the agency decision." However, multiple ESA administration companies raised concerns to the Washington Examiner about Odyssey's bid. In its bid to secure Iowa's contract, Odyssey said it had administered two different programs in Arizona as proof of its ability to take on the Hawkeye State's ESA program.

 

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