What is the official ID of this bill?

The official print number for this legislation is S 1173.

When did the legislative process begin?

The process officially started on 2021-04-15.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s1173/BILLS-117s1173is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Sinema, Kyrsten [D-AZ].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 1173

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Matched Savings Program for Low-Income Students

Q: What are the main provisions?

Key points include: Matched Savings: For every $1 saved by a student, the program adds $8 to their educational account, after an initial $500 savings threshold is met. Financial and Educational Support: Students will receive training in financial management, budgeting, student debt handling, and support for college and career readiness. No Impact on Other Aid: Participation in this program will not affect a student's eligibility for Federal Pell Grants or other federal student aid. Fund Accessibility: Students who do not meet program requirements can withdraw their contributed funds. Program participation ends 6 years after initial enrollment.

This Act establishes a program to help low-income students save for higher education. For every $1 saved by a student, the program adds $8, aiming to reduce student loan debt and improve financial well-being after graduation. The program also provides financial literacy training and career readiness support.

Key points

Matched Savings: For every $1 saved by a student, the program adds $8 to their educational account, after an initial $500 savings threshold is met.

Financial and Educational Support: Students will receive training in financial management, budgeting, student debt handling, and support for college and career readiness.

No Impact on Other Aid: Participation in this program will not affect a student's eligibility for Federal Pell Grants or other federal student aid.

Fund Accessibility: Students who do not meet program requirements can withdraw their contributed funds. Program participation ends 6 years after initial enrollment.

article Official text account_balance Process page notifications_active Track this Bill

gavel

Status:

Expired

Record your position for audit.

Why does your vote on bills matter?

It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.

Additional Information

Earn to Learn Act

Print number: S 1173

Sponsor: Sen. Sinema, Kyrsten [D-AZ]

Process start date: 2021-04-15

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

AI work logs for this document launch

Matched Savings Program for Low-Income Students

Key Questions about Matched Savings Program for Low-Income Students