Earn to Learn Act

This bill would have the Department of Education create a grant program that helps low-income students save money for college or career and technical schools. States and nonprofit organizations could compete for grants, and they would use the money to set up special savings accounts for eligible students, where the students and their families save money and the program matches what they save. The organizations running the program would also teach students about managing money and help them prepare for the workforce. The bill makes clear that being part of this program would not affect a student's ability to get Pell Grants.

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