Homeschool Funding in New Hampshire

Education Freedom Accounts (EFAs)

New Hampshire's Education Freedom Account program is one of the most significant financial resources available to homeschool families in the state — and it is a model that many other states are watching closely.

For the 2025–2026 school year, eligible students receive at least $4,265.64 per year, an amount equal to the state's per-pupil adequacy aid. This money can be used for a wide range of educational expenses, including:

• Curriculum and textbooks
• Online learning programs
• Tutoring services
• Educational therapy
• Standardized testing fees
• Educational supplies and materials

Eligibility

Following the passage of Senate Bill 295 in June 2025, EFA eligibility was expanded significantly. The income cap was removed, but a 10,000 student annual cap was imposed for families earning more than 350% of the federal poverty level. Families at or below 350% FPL are not subject to the enrollment cap. The program is open to students ages 5–20 entering grades K–12.

Program Scope

The EFA program has grown rapidly. In the 2025–2026 school year, approximately 10,510 students are participating, nearly double the previous year. The state is spending approximately $51.6 million on the program. Applications are administered by the Children's Scholarship Fund New Hampshire (CSFNH) — contact them at 603-755-6751 or csfnh@scholarshipfund.org.

Other Financial Resources

Beyond EFAs, New Hampshire homeschool families can use:

• Coverdell Education Savings Accounts: Save up to $2,000 per child per year with tax-free growth for qualified educational expenses
• 529 Plans: Tax-free growth for education savings, with up to $10,000 per year available for K-12 expenses under federal rules

New Hampshire has no state income tax on earned income, so there are no state tax deductions for educational expenses — but there is also no state income tax burden on your homeschool family's earnings.