Earn to Learn Act

Summary

Earn to Learn Act This bill directs the Department of Education (ED) to establish a postsecondary education match savings account demonstration grant program, through which ED must award competitive grants to states and nonprofit organizations to provide certain low-income students with postsecondary education match savings accounts (e.g., 529 plans). Further, ED must (1) develop and make available to grant recipients certain tools, including a training platform, a program guide, an online data portal, and certain trainings (e.g., on workforce readiness); (2) ensure that participation in the grant program does not affect student eligibility for Federal Pell Grants; and (3) provide technical assistance. Grant recipients must use funds to (1) select eligible students to participate in the grant program, (2) provide selected students with financial literacy education, (3) establish a postsecondary education match savings account for each participating student and allow such students and their families to deposit funds in their account to save for attendance at an institution of higher education or an area career and technical education school, and (4) reserve matching funds for participating students. Additionally, grant recipients must ensure that participating students are entitled to withdraw funds from their accounts under certain circumstances.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 September 2023

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 21 September 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 September 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 September 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 September 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 September 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 September 2023

  Open at official source

Sponsors

• Rep. Lee, Susie [D-NV-3] · D · Sponsor
• Rep. Schweikert, David [R-AZ-1] · R · Sponsor
• Rep. Stanton, Greg [D-AZ-4] · D · Sponsor
• Rep. Ciscomani, Juan [R-AZ-6] · R · Sponsor
• Yadira Caraveo · D · Cosponsor
• David Valadao · R · Cosponsor
• Wiley Nickel · D · Cosponsor
• · hsed00 · Standing

Related records

• related to → Earn to Learn Act