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The Earn To Learn Act

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The Earn To Learn Act

Advocacy & Government, Media Coverage
The Earn To Learn Act

Empowering Students

With tremendous gratitude, Earn to Learn is proud to share the Earn to Learn Act was introduced on Thursday, September 21st, 2023 with bipartisan support in the House and Senate. This groundbreaking bill, inspired by the success of Earn to Learn’s innovative programs, will help students pursue a post-secondary education while minimizing their debt burden.

The Earn to Learn Act has received widespread support from both sides of the aisle in Congress, signaling a united commitment to improving access to affordable education.

Our journey towards realizing the Earn to Learn Act has been made possible through the incredible support of our community partners. These organizations have played a pivotal role in advocating for the bill and pushing for its passage. Their unwavering dedication to educational equity has been truly inspiring. We are thrilled to share the words of praise and encouragement we have received from industry leaders who recognize the immense value of the Earn to Learn Act. Their endorsements testify to this legislation’s positive impact on students and our nation’s future.

Why we need the Earn To Learn Act:

  • Enables low-income, Pell-eligible students to attend and complete a college education with little or no student-loan debt.
  • Creates a college matched-savings program for participating students to set aside up to $500/year to qualify for up to $4,000/year in scholarship assistance – an 8-to-1 match.
  • Acquire live chat enScholarship funds can be applied to qualifying 2-and 4-year colleges and universities, as well as career & technical education workforce training programs. ables sales
  • Provides federal seed money to be matched by state-level programs, creating at least 250,000 scholarship opportunities over five years.
  • Requires that student participants complete financial capability training and put a portion of their savings toward their own education.
  • Significantly improves the odds that a student will complete their college education, as compared with peers who receive a Pell Grant alone.

What the Earn To Learn Act Does:

  1. Cost is a bigger obstacle to college enrollment and completion than ever before 
  2. Since 1980, the span of a single generation, the average cost of college tuition and fees in the U.S. has increased 1,200%. 
  3. Pell Grants and other financial assistance haven’t kept pace with costs, meaning many students graduate with significant debt or are forced to forego college altogether. 
  4. Debt associated with postsecondary education often results in young adults delaying their purchase of a first home, starting a family, saving for retirement, and making other important financial investments in their family and future. 
  5. Despite the increased costs, a college education remains one of the strongest investments an individual can make – college graduates earn more and have significantly lower rates of joblessness than their peers with a diploma alone. 
  6. Our nation needs a successful program to complement Pell Grants by improving college access and completion. A proven model already exists: Earn to Learn! 

Earn To Learn gets Results:

  1. Students who save toward a portion of their own postsecondary education and complete financial capability training are more likely to earn a degree. 
  2. Among Earn to Learn-participating students:
    1. 90% meet their monthly savings goals 
    2. 86% continue their education after their first year 
    3. 80-85% (traditional and non-traditional students) graduate within six years 
    4. 86% are ethnic minorities 
    5. 54% obtain a degree in STEM
    6. 63% are 1st generation college students 
  3. Most Earn to Learn scholars graduate with little or no student-loan debt. 

Press Releases and News:

What was introduced into Congress: Earn to Learn Act S. 2877

What was introduced into Congress: Earn to Learn Act H.R. 5645

From the office of Senator Mitt Romney: Press Release

From the office of Senator Krysten Sinema: Press Release

From the office of Congressman David Scheweikert: Press Release

From the office of Congresswoman Susie Lee: Press Release

From the office of Congressman Juan Ciscomani:

“As a community college alumni and Pell Grant recipient, I know firsthand how life-changing access to higher education can be.

Last week, I joined Representatives Susie Lee (D-NV-03), David Schweikert (R-AZ-01), and Greg Stanton (D-AZ-04) in introducing the bipartisan Earn to Learn Act to reduce student loan debt and make college more affordable. With our country experiencing a worsening labor shortage, it’s time to take this matched-savings program nationally and help students finance their education, develop sound financial literacy, and gain valuable skills to improve the nation’s labor force.”

From the Chamber Business News: Earn to Learn legislation aims to boost workforce development, reduce college costs – Chamber Business News