Chapter 1: What is the main topic discussed in this episode?
Hey everybody, welcome to a special edition of Vince on this Thanksgiving week. It is great to have you with us, the best audience anywhere. I've got a big show ahead for you. When we talk about fixing the problems in our country, it starts with the building blocks of our country.
the education of our children how do we create a more informed literate populace that can help carry our great country into the future that is the focus of today's program and it's a big deal and i've got something that you can do to help make that happen that's all ahead on this special edition of vince i'm very grateful that you're here with us but first i do have to ask you something do doctors have black friday sales at all
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Chapter 2: How are current education outcomes impacting American children?
That's right. We operate in 13 states currently, and we do it two ways. We have privately funded scholarships for generous people who believe in what we do. They give contributions, and then we provide partial tuition scholarships to low-income parents to put their kids in the private K-12 school they think is right. This year, we have 16,000 kids on scholarship.
here's the beauty of that is that these are partial scholarships so we're providing about a third of their tuition the school is coming along our side and also offering a scholarship and then our families who on average make about fifty thousand per year are also putting about two thousand dollars into their education That is our key to our success.
And the reason why 99% of our kids graduate is because it's a three-way partnership, but it's also parents who have skin in the game. They may be poor, but they care desperately about their kids. And not only do they want them in the right environment, they also, they sacrifice greatly by putting money into their education. And that's really a remarkable thing.
So at 99, you said 99% of your scholarship recipients graduate. How does that compare to the general population? That must be, I mean, that has to be a massive improvement over people who are not in this program.
It is a night and day difference. It's considerably higher. But I think what we like to focus on, because there's so much graduation and grade inflation these days, we see in our school system, we focus more on the proficiency of our kids. And we see that our kids in math and reading are about three to four times stronger in math and reading.
So we know they actually are getting the basic foundational blocks they need to actually graduate and go to college. Most of our kids go to college. Most will graduate from college as well, which is incredible.
Now they can actually own a home like you just mentioned, because now they're securing a job, they're making money, or they go to trades in the military, which I think is also a wonderful thing where they can do what they need to in their lives.
That's great, that's wonderful, measurable outcomes. You've been doing it for 25 years now, A scholarships. So you have a scholarship program set up, people continue to support what you're doing, but the big, beautiful bill came along this year.
And I remember earlier this year when President Trump was bragging about national school choice, when I first heard it, I was like, wait a second, how would that even work? Nationwide school choice, because these are state programs, the states that manage the school system.
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Chapter 3: What is the role of ACE Scholarships in education reform?
this starts in january of 2027 and we'll start marketing this program aggressively in 2026. okay so in january 2027 i turn to my wife and i go hey let's let's help out a scholarships i give you i cut you a check for was it 1700 is that what you said that's right i sent 1700 to you and say let's help these kids out you're telling me that in the end i'm not actually spending any money because the government's sending it right back to me in the form of a tax credit
You nailed it. What we'll do is we'll send you a receipt, and then when you file your taxes in 2028, you will actually receive a refund from the government for $1,700. So it's really that simple. That's how good it is. We just have to make sure Americans understand how great this opportunity is.
yeah i mean well actually what you're describing is basically any american who can afford to wait a few months to get their money back basically should probably be doing this if you want to support school choice nationwide
We think there are about 50 million Americans who currently make over $85,000 per year. That translates into at least a $1,700 credit. That's not including all Americans who don't even make $85,000 who can claim a portion, and they can also make monthly contributions. So if they can't write a $1,700 check immediately,
They can actually do this on a monthly basis where it's about $141 per month versus $1,700. But our personal belief is that we're gonna have to market this. We need people to know about this. And we think that we have a chance of actually raising billions of dollars at a national level and filling the seats in our schools, making sure that homeschool families have an opportunity.
it's also available even in public schools so it's not just private schools you have the chance for before and after school programs that enhance your education in public schools it's amazing so that you know as you describe this i'm starting to realize the scale of how big this could be because this could actually fundamentally change the entire face of education in the united states um if if america if enough americans actually know about this program
uh to utilize it um this this seems like a very big deal you must be you must be chomping at the bit a bit here because you're like man we're gonna this you're gonna it's gonna take education to to the next level if the whole country has school choice and now um one thing i think i noticed about this and correct me if i'm wrong but can't states opt out of this if they decide they're like no we don't want any school choice in our state could they tap out if they want to
Yeah, unfortunately, that was a part of this bill, which is not good. And that is that although it's a federal bill, it does enable governors around the country to either opt in or opt out of the program. And we know that in red states who tend to be more conservative, governors will absolutely opt in. Our greatest challenge is going to be in blue states.
And by the way, it's not to say that blue governors, Democratic governors, will not opt in. We actually know, for example, in Colorado, where ACE's home base is, we've had discussions already with Governor Jared Polis. And he's actually been very bullish on school choice in the past, and he's already indicated that he will opt in this program. So we really applaud his leadership as a Democrat.
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Chapter 4: How does school choice empower parents and students?
So yes, we are chomping at the bit on this one here because we know it really can be transformational. And we also know that education is the key to solving our problems. But Vince, what I'd also say, the data is awesome. I mean, we've got so much good data and this is not even a hypothesis. It is a proven model. But it's the stories.
It's the stories of Greta, a mom who spoke at one of our events two weeks ago that shared the story of her oldest son who went to a public school and he got caught up in drugs and eventually overdosed and died. And then her younger daughter who she said, I want my daughter to have a very different outcome in her life. And she put her in a private school and Ace helped her out.
And now she's flourishing and doing great things.
those are the stories that keep us going all the time and it's also the stories of failure the parents and children who are being left behind whose cries we hear all the time like in chicago where the governor actually cut a 10 000 person scholarship program and then we have children being left behind and put into a school system that once again is not serving them so we are really bullish on making sure every child in america can live and fulfill their dreams and it begins with education
yes it does and look i i know this is not this is not a sex scandal we're talking about it's not some new war that's starting it's not some crazy deep state thing that's been happening to our country you and i are talking about the fundamentals of our country the building blocks what it takes to have a great country and that takes an educated populace and we should help these kids out the best we can so on this thanksgiving week norton rainey i'm thankful for you i'm thankful for a scholarships uh i do think it's a really big deal and i really think
God willing, if you continue this mission, you can reshape the face of American education. I can't wait to see what happens in 2027. I love that. Any final thoughts here, Norton, before we bid you farewell and happy Thanksgiving?
Well, we can't wait as well, too. I want to say thanks to everyone and a very happy Thanksgiving. Understand something, your support of ACE Scholarships, it works. It's a tremendous return and we would just be so honored to work with you and help America flourish and to see our country continue being the greatest country in the world. Blessings and thank you so very much.
And Norton, your website again, what's the ACE Scholarships website so people can find out more?
It is just our name. It is acescholarships.org.
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Chapter 5: What alarming trends are revealed in national education assessments?
Please support his great program and And you've got a great opportunity coming up in 2027 to do it in a really, really big way. Thank you as always for being with us. Please have a wonderful, wonderful Thanksgiving. You really are the best audience anywhere. God bless you. I'll be back with you soon.