Teacher, Principal, and Leader Residency Access Act

This bill amends the Federal Work-Study program to allow colleges to use these funds for teacher, principal, and school leader residency programs. It specifically permits covering costs like training and travel for participants, prioritizes students eligible for Pell Grants, and allows federal funding to cover over 75% of residency program costs. The policy directly affects aspiring educators in residency programs and the institutions running them, making these paid apprenticeship opportunities more accessible. Residency programs pair new educators with mentor teachers/principals while they complete coursework, aiming to prepare them for full certification and long-term teaching careers.