---
type: glossary_term
term: voucher system
canonical_url: 'https://liberty-lighthouse.vercel.app/glossary/voucher-system/'
markdown_url: 'https://liberty-lighthouse.vercel.app/glossary/voucher-system.md'
definition: >-
  A school-choice mechanism where the state funds a parent-redeemable voucher
  rather than directly funding government schools. Parents choose where to
  enrol; schools compete for funding.
aliases:
  - school voucher
  - school vouchers
  - voucher systems
  - education voucher
  - vouchers
updated_at: '2026-04-26'
related_terms:
  - 'https://liberty-lighthouse.vercel.app/glossary/msp.md'
---
# voucher system

*Also known as: school voucher, school vouchers, voucher systems, education voucher, vouchers*

A school-choice mechanism where the state funds a parent-redeemable voucher rather than directly funding government schools. Parents choose where to enrol; schools compete for funding.

---

## Related

- Term: [MSP](https://liberty-lighthouse.vercel.app/glossary/msp.md) — Minimum Support Price — the government's floor price for select crops, primarily wheat and rice. A guarantee that procurement agencies will buy at this price if market rates fall below.