Earn to Learn Act

The Earn to Learn Act establishes a federal grant program to help low-income students save for college or career training through matched savings accounts. Students must save $100 initially, then for every additional dollar they save, the program adds $8 to their account, while requiring mandatory financial education and coaching on budgeting, debt management, and savings habits. Administered by states or nonprofits using federal grants, the program directly affects low-income students admitted to eligible colleges or career schools, aiming to reduce reliance on student loans by promoting early savings and financial literacy. The initiative includes evaluation requirements to assess its impact over five years with $100 million in funding.