Earn to Learn Act
The source supplies the latest action, but no lifecycle stage.
Latest action (13 Aug 2026): Referred to the House Committee on Education and Workforce.
What this bill does
This bill, the "Earn to Learn Act," proposes to establish a demonstration grant program to create matched savings accounts for low-income students pursuing postsecondary education. Eligible entities, such as states or nonprofit organizations, could receive grants to implement these programs. The goal is to help students save for education, minimize student loan debt, and improve their financial literacy and capability through training and support.
Under the proposed program, low-income students admitted to eligible educational institutions would participate in personal finance training. If they contribute to a savings account, the grant funds would match their contributions at a rate of $8 for every $1 saved by the student, up to a certain limit. These savings and matching funds would not affect a student's eligibility for Federal Pell Grants or other federal student aid.
The bill was introduced in the House of Representatives and has been referred to the Committee on Education and Workforce. If passed by both the House and Senate and signed by the President, the Secretary of Education would establish the grant program within nine months. The program would be authorized to receive $100 million annually for five fiscal years, starting with fiscal year 2027.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Earn to Learn Act
This bill directs the Department of Education (ED) to establish a postsecondary education match savings account demonstration grant program, through which ED must award competitive grants to states and nonprofit organizations to provide certain low-income students with postsecondary education match savings accounts (e.g., 529 plans).
Further, ED must (1) develop and make available to grant recipients certain tools, including a training platform, a program guide, an online data portal, and certain trainings (e.g., on workforce readiness); (2) ensure that participation in the grant program does not affect student eligibility for Federal Pell Grants; and (3) provide technical assistance.
Grant recipients must use funds to (1) select eligible students to participate in the grant program, (2) provide selected students with financial literacy education, (3) establish a postsecondary education match savings account for each participating student and allow such students and their families to deposit funds in their account to save for attendance at an institution of higher education or an area career and technical education school, and (4) reserve matching funds for participating students. Additionally, grant recipients must ensure that participating students are entitled to withdraw funds from their accounts under certain circumstances.
Timeline
13 Aug 2026
Referred to the House Committee on Education and Workforce.
Common questions
- What does H.R. 10097 do?
- This bill, the "Earn to Learn Act," proposes to establish a demonstration grant program to create matched savings accounts for low-income students pursuing postsecondary education. Eligible entities, such as states or nonprofit organizations, could receive grants to implement these programs. The goal is to help students save for education, minimize student loan debt, and improve their financial literacy and capability through training and support. Under the proposed program, low-income students admitted to eligible educational institutions would participate in personal finance training. If they contribute to a savings account, the grant funds would match their contributions at a rate of $8 for every $1 saved by the student, up to a certain limit. These savings and matching funds would not affect a student's eligibility for Federal Pell Grants or other federal student aid. The bill was introduced in the House of Representatives and has been referred to the Committee on Education and Workforce. If passed by both the House and Senate and signed by the President, the Secretary of Education would establish the grant program within nine months. The program would be authorized to receive $100 million annually for five fiscal years, starting with fiscal year 2027.
- Has H.R. 10097 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10097. Check the latest action and official source below.
- Who sponsored H.R. 10097?
- H.R. 10097 was sponsored by Rep. Lee, Susie [D-NV-3] (D-NV), with 3 cosponsors.
- What's the latest action on H.R. 10097?
- Referred to the House Committee on Education and Workforce. (13 Aug 2026).
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