What type of financial assistance allows a limited number of students to attend a school selected by their parents?

A voucher system provides financial assistance that enables a limited number of students to attend a school chosen by their parents. Vouchers are typically issued by the government and can be used to pay for tuition at private or charter schools, giving families the flexibility to select educational options that they believe best suit their children's needs. This approach is designed to enhance school choice and foster competition among schools, potentially leading to improvements in educational quality.

In contrast, grants and scholarships tend to focus on financial support for eligible students based on specific criteria such as financial need, academic merit, or particular demographics, without the stipulation of school choice inherent in a voucher system. Loans involve borrowing funds that must be paid back with interest, which differs fundamentally from the concept of empowering parents with the means to choose a school for their child without directly tying that assistance to repayment obligations.