Over 5,000 students won’t have access to much needed scholarships
OKLAHOMA CITY (April 25, 2019) – Rob Sellers, executive director of the Opportunity Scholarship Fund, released the following statement regarding the failure of the House of Representatives to hear SB 407 after the third reading deadline Thursday. This legislation, in part, would have raised the cap on tax credit scholarships for families in Oklahoma.
“We appreciate all the representatives who supported this bill, but we are disappointed that more of our lawmakers didn’t see the value of providing educational opportunities to lower-income families,” he said. “There was a lot of misinformation spread about how the legislation works and the families who benefit from the program. Ultimately, Oklahoma children are the ones who lost the most today. We will return next session to continue the fight to raise the cap and expand educational options for the most vulnerable children.”
“Although this bill didn’t get a hearing, OSF remains committed to being transparent to the public in what it does and how it operates,” Sellers said. “We will continue to publish financial information and reports about the families we help on OSFkids.com and social media. We want to ensure donors, member schools and the parents who rely on us they are well served and our methods are above reproach.”
About Opportunity Scholarship Fund
The Opportunity Scholarship Fund (OSF) is a 501(c)(3) scholarship-granting organization providing scholarships for lower-income families to afford to attend accredited private K-12 schools in Oklahoma. Students qualify based on standards established by individual member schools’ financial aid criteria and the requirements established by the Oklahoma Equal Opportunity Education Scholarship Act. According to an independent fiscal impact study updated in 2018, the fiscal return to the state is $1.39 of savings for every $1 of tax credit issued based on the state’s per-pupil spending on common education. When accounting for all funding sources, the fiscal return is $2.91 for every $1 of tax credit issued. OSF received the 2019 Gold Seal of Transparency from GuideStar™, demonstrating the organization’s commitment to providing information to the public. Established in late 2014, OSF is the premier scholarship granting organization in Oklahoma. For more information, visit: http://osfkids.org.