Indiana Turns to ClassWallet to Track, Report and Distribute Funds from Federal EANS II and State ESA Programs for Non-Public School Students and their Families

Digital pockets know-how can be used to oversee funds for schooling sources, companies and tuition

MIAMI and INDIANAPOLIS, Aug. 9, 2022 /PRNewswire/ — Indiana has chosen ClassWallet to assist it monitor, report and facilitate distribution of $87 million in federal and state funds to personal college college students and their households, in addition to households of particular schooling college students, impacted by COVID-19 studying disruptions.

The primary program, known as The Indiana Training Scholarship Account (ESA) program, is designed to assist college students with disabilities by serving to them entry the tutorial setting that greatest meets their studying wants. It’s funded by the state and supplies as much as $9 million for tuition and charges and for pre-approved instructional bills together with therapies, companies, tutors and different instructional bills from a listing of accepted research areas. 

The second program, Indiana’s Emergency Help for Nonpublic Colleges (EANS II) program, is funded with $78 million in federal funds from the American Rescue Plan and could also be utilized by certified personal faculties for such companies and help as sanitization, private protecting tools, COVID testing, instructional know-how and connectivity.

ClassWallet beforehand supported Indiana with its EANS I program. The fintech firm has in depth expertise in serving to states to trace, report and facilitate the distribution of funds for EANS, EANS II, Okay-12 pupil scholarships and household microgrants, and different federal and state packages. Its digital pockets resolution is utilized in 27 states and 19 state companies throughout 6,200 faculties serving 4.1 million college students and rising.

“ClassWallet can be a implausible useful resource for the State of Indiana and its college students,” mentioned Indiana Treasurer of State Kelly Mitchell, who oversees the Indiana ESA program. “Our statutory obligation is to supply Hoosier college students and their households flexibility in tailoring their educations whereas defending the funds from being misused. ClassWallet has helped us put guardrails in place in order that not a single greenback will exit with out my staff approving the expense.” 

The ClassWallet spending administration platform supplies digital wallets to grant and scholarship program recipients. This permits them to pay for tuition, items and companies. The platform permits dad and mom to add invoices and receipts, make funds, handle buying and obtain automated reimbursements with broad transparency – all whereas defending information and privateness. Every state determines the principles and restrictions for its program that are then carried out by ClassWallet. 

“ClassWallet is a confirmed performer for states like Indiana to distribute monies from a spread of federal and state funding sources,” mentioned Jamie Rosenberg, CEO, ClassWallet. “Indiana’s selection of our platform will assist many households with pre-Okay-12 and particular wants college students to get the help they want with out pointless paperwork or disbursement delays.”

For extra details about ClassWallet, ship an e-mail to [email protected] or name 877-969-5536. 

About ClassWallet

Based in 2014, ClassWallet (www.classwallet.com) is the main digital pockets and automatic accounts payable platform for federal, state and district schooling. Saving worthwhile time and overhead prices to trace, pay and report on decentralized purchases, ClassWallet is utilized in 27 states and by 19 state companies, throughout 6,200 faculties serving 4.1 million college students. ClassWallet’s built-in market of main suppliers and studying curricula consists of prime retailers like Amazon, Workplace Depot, Staples, Scholastic, Faculty Specialty, Lakeshore Studying and extra. Headquartered in Miami, ClassWallet ranked #33 on Inc. Journal’s 2022 checklist of fastest-growing non-public corporations within the Southeast. 

CONTACTS:

Doug Wright / Ashley Blas / Liz Savery
Feintuch Communications 
646-753-5711 / 646-753-5713 / 917-805-4581
[email protected]  
Media room  

SOURCE ClassWallet