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Matched Savings Program for Low-Income Students

This bill aims to establish a matched savings program for low-income students. The program is designed to help them cover education costs, reduce student loan debt, and improve financial literacy. Students will contribute their own savings to special accounts, and the program will provide matching funds, making higher education more accessible.
Key points
Establishes a matched savings program for low-income students to help fund their education.
Students will receive matching funds for their educational savings, reducing the need for large loans.
The program includes financial literacy training to help students manage their money better.
Participation in the program will not affect a student's eligibility for Federal Pell Grants.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4145
Sponsor: Rep. Lee, Susie [D-NV-3]
Process start date: 2021-06-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Earn To Learn Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4145.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-24.

What are the main provisions?

Key points include:

  • Establishes a matched savings program for low-income students to help fund their education.
  • Students will receive matching funds for their educational savings, reducing the need for large loans.
  • The program includes financial literacy training to help students manage their money better.
  • Participation in the program will not affect a student's eligibility for Federal Pell Grants.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lee, Susie [D-NV-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Benefits