Establishes a matched savings program for low-income students to help them attain educational goals.
The Earn to Learn Act establishes a matched savings program for low-income students to help them attain their educational goals. The Secretary of Education will award competitive grants to states or nonprofit organizations to implement the program. Students and their families can deposit funds into a postsecondary education match savings account, which will be matched by the grant recipient. The program aims to supplement traditional financial aid, provide financial empowerment training, and help students develop healthy financial habits.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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