GA SB493

Requires the Georgia Education Savings Authority to establish academic performance standards for private schools participating in the Promise Scholarship program by December 31, 2026, ensuring at least half of participating students perform at or above grade level or demonstrate achievement growth

Mandates annual reviews of participating schools beginning December 31, 2026, with escalating consequences for schools that fail to meet performance standards: improvement plan (first failure), probationary period with regular reporting (second), enrollment cap at 50% of prior year's new students (third), and three-year ban on new enrollments (fourth)

Reviews must consider student performance on program assessments, prior state assessment scores before enrollment, and length of time enrolled at the participating school

Requires annual eligibility reviews to ensure participating private schools remain qualified to enroll scholarship students

The Education Savings Authority must coordinate with the Office of Student Achievement to develop the performance standards