Better education but how?

I live in Nevada and am the father of 2 wonderful children.  The state of Nevada ranks 45th on per pupil spending.  In 2006 the state spent $7345 per pupil.  Though this doesn't tell the whole story,  we have a dismal graduation rate of only 47.3%.  That makes the cost per graduating pupil at about $15528.54.  There are many reasons for this but I wont get into them because I think my solution will fix most of them.  I went to insurance school a while back and watching how it was run gave me a better idea how they should run the education system for the state.  I was lucky a wonderful agency paid for me to go but the other people in the class said the class was about $500.  Then there was the test done by a center certified by the state which cost $90.  Now how does this work with public education?  Here is how by giving each student a quarter of what they spend per graduating pupil of $3882.13 or half what was spent per pupil in 2006 of only $3672.50.  How would this work?  It would be slowly implemented with parents applying to have there kids in the program.  The first 10% of parents get there kids in the program and are sent the check.  This would give teachers the opportunity to set up schools to or find other employment.  The best teachers would be setting up the schools for less then the check to prepare kids for the test.  With a plan to have it fully implemented in 10 years  as the education for everyone more and more teachers would do this.  For children to get there next check they must pass a test at a state certified center which costs $90 each time they take it. The children can take the test for each grade every three months if they like but must wait a month to retest if they fail.  Passing would be 60%  in each given area with a 70% over all for each grade.  There score would also be there grade for the course.  Kids that aren't good test takers could leave the state and kids who are great test takers would move in.  By allowing children to finish earlier it would raise graduation rates and college rates.  In this system a child could start kindergarten at 4 and a half and graduate at 8 now most kids aren't that smart but why hold back those who are.  That smart kid finishing school at 8 could have a doctors degree by 16.  This would take Nevada from bottom to top. While other states have kids in high school our kids would be teaching college and being doctors.   The money saved could go to scholarships and the university system.  I hope someone can share this with the Governor.  Thanks for reading.