Sec. 5. Applications; priority

794 words·~4 min read·/bill/114/hr/1359/ih/section-5

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Each eligible entity desiring a grant under this Act shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may require. At a minimum, the application described in subsection

(a)shall include the following: A description of the characteristics of a group of not less than 30 low-income public school students who— are, at the time of the application, attending a grade not higher than grade 9; and will, under the grant, receive an American Dream Account. A description of how the eligible entity will engage, and provide support (such as tutoring and mentoring for students, and training for teachers and other stakeholders) either online or in person, to— the students in the group described in paragraph (1); the family members and teachers of such students; and other stakeholders such as school administrators and school counselors. An identification of partners who will assist the eligible entity in establishing and sustaining American Dream Accounts. A description of what experience the eligible entity or the partners of the eligible entity have in managing college savings accounts, preparing low-income students for postsecondary education, managing online systems, and teaching financial literacy. A demonstration that the eligible entity has sufficient resources to provide an initial deposit into the college savings account portion of each American Dream Account. A description of how the eligible entity will help increase the value of the college savings account portion of each American Dream Account, such as by providing matching funds or incentives for academic achievement. A description of how the eligible entity will notify each participating student in the group described in paragraph (1), on a semiannual basis, of the current balance and status of the college savings account portion of the American Dream Account of the student. A plan that describes how the eligible entity will monitor participating students in the group described in paragraph

(1)to ensure that the American Dream Account of each student will be maintained if a student in such group changes schools before graduating from secondary school. A plan that describes how the American Dream Accounts will be managed for not less than 1 year after a majority of the students in the group described in paragraph

(1)graduate from secondary school. A description of how the eligible entity will encourage students in the group described in paragraph

(1)who fail to graduate from secondary school to continue their education. A description of how the eligible entity will evaluate the grant program, including by collecting, as applicable, the following data about the students in the group described in paragraph

(1)during the grant period, or until the time of graduation from a secondary school, whichever comes first, and, if sufficient grant funds are available, after the grant period: Attendance rates. Progress reports. Grades and course selections. The student graduation rate, as defined in section 1111(b)(2)(C)(vi) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 6311(b)(2)(C)(vi) ). Rates of student completion of the Free Application for Federal Student Aid described in section 483 of the Higher Education Act of 1965 ( 20 U.S.C. 1090 ). Rates of enrollment in an institution of higher education. Rates of completion at an institution of higher education. A description of what will happen to the funds in the college savings account portion of the American Dream Accounts that are dedicated to participating students described in paragraph

(1)who have not matriculated at an institution of higher education at the time of the conclusion of the period of American Dream Account management described in paragraph (9), including how the eligible entity will give students this information. A description of how the eligible entity will ensure that participating students described in paragraph

(1)will have access to the Internet. A description of how the eligible entity will take into consideration how funds in the college savings account portion of American Dream Accounts will affect participating families' eligibility for public assistance. In awarding grants under this Act, the Secretary shall give priority to applications from eligible entities that— are described in subparagraph

(G)or

(H)of section 3(7); serve the largest number of low-income students; in the case of an eligible entity described in subparagraph

(A)or

(B)of section 3(7), provide opportunities for participating students described in subsection (b)(1) to participate in a dual or concurrent enrollment program or early college high school program at no cost to the student or the student's family; or as of the time of application, have been awarded a grant under chapter 2 of subpart 2 of part A of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070a–21 et seq. ) (commonly referred to as the GEAR UP program ).

Connections3 off-index

3 references not yet in our index

20 USC 6311(b)(2)(C)(vi)
20 USC 1090
20 USC 1070a–21

Citation graph

cites case law

Sec. 5

Applications; priority

Cite20 USC 6311(b)(2)(C)(vi)

Cite20 USC 1090

Cite20 USC 1070a–21

Cites 3Cited by 0 across 0 sources