Reinvest in American Education Act

Reinvest in American Education Act - Title I: Care and Development of Children - Amends the Head Start Act to extend and increase the authorization of appropriations for the Head Start program.

Amends the Child Care and Development Block Grant Act of 1990 to extend and increase the authorization of appropriations for the child care and early childhood development improvement program.

Title II: Elementary and Secondary Education Improvements - Authorizes the Secretary of Education (the Secretary) to make school competitiveness challenge grants to State educational agencies (SEAs) for use by local educational agencies (LEAs) to implement public school programs to: (1) reduce class size; and (2) purchase and integrate computers and software programs. Requires State applications to cover a five-year period. Requires States to allocate all such funds to LEAs eligible to receive funds under provisions for disadvantaged students under chapter 1 of title I of the Elementary and Secondary Education Act of 1965 (ESEA chapter 1). Requires State appointment of a review panel to recommend LEAs that appear to meet the Secretary's requirements for such grant awards. Limits the Federal share to 90 percent of project costs. Limits certain uses of funds. Requires annual State reports. Authorizes appropriations.

Authorizes the Secretary to make foreign language program grants to SEAs to develop and implement innovative programs to teach foreign languages to public school students in kindergarten through eighth grade. Requires States selected to receive such grants to distribute grants to LEAs, higher education institutions, and community-based organizations with expertise in foreign language training or foreign language integration with area studies, geography, and cultural awareness. Gives special consideration to entities with expertise in European and Pacific Rim languages. Requires State applications to cover a five-year period. Requires State appointment of a review panel to recommend LEAs based on ability to meet the the Secretary's requirements for such grant awards. Limits the Federal share to 90 percent of project costs. Requires annual State reports. Authorizes appropriations.

Authorizes the Secretary to make demonstration grants for comprehensive services for children and youth to eligible entity partnerships to provide multiyear educational and social services to specified target populations of disadvantaged at-risk children and youth and their families. Requires such programs to coordinate activities under Federal, State, and local partnership grants into an integrated service delivery system colocated at a school or other community-based site accessible to and used by at-risk youth. Gives priority to entities that provide comprehensive services extending beyond traditional school or service hours (including year-round programs providing evening and weekend services). Allows award of such grants for up to five years, if progress is satisfactory. Requires equitable geographic distribution to both urban and rural areas with a high proportion of at-risk youth. Provides for bonus awards.

Requires an entity to serve a target population of: (1) students enrolled in schools participating in school-wide projects assisted under ESEA chapter 1, and their families; (2) students enrolled in the most economically disadvantaged schools within the LEA; (3) out-of-school youth at-risk of having limited future options due to teenage pregnancy and parenting, substance abuse, recent immigration, disability, limited English proficiency, family migration, illiteracy, being the child of a teen parent, living in a single parent household, or being a high school dropout; or (4) any combination of in-school and out-of-school youth.

Provides for: (1) authorized program activities; (2) one-year planning grants; (3) applications; (4) comprehensive service plans; (5) planning councils; (6) joint review of applications by the Secretaries of Education and of Health and Human Services; (6) annual interim reports; (7) a program evaluation study and report to specified congressional committees by the Secretary of Education; (8) minimum and maximum grant limits; (9) an 80 percent Federal share; and (10) technical assistance and information dissemination on successful models. Authorizes appropriations.

Amends the Augustus F. Hawkins Human Services Reauthorization Act of 1990 to direct the Federal Council on Children, Youth, and Families to: (1) identify and, if possible, eliminate program regulations or practices that impede coordination and collaboration; (2) develop and implement plans for creating jointly funded programs, unified assessments, eligibility, and application procedures, and confidentiality regulations that facilitate information-sharing; and (3) recommend legislative action needed to facilitate coordination of educational and social services for children, youth, and families.

Authorizes the Secretary to make grants to LEAs, in areas where the dropout rate for high school students is 20 percent or more, for daily after-school activities for at-risk students in the fourth through eighth grades of public schools in such an LEA's jurisdiction. Sets the Federal share at 90 percent of the costs of such activities. Sets forth required guidelines for such activities, including: (1) organization by peer group leaders from high schools, each to be paid for their services $1 per hour more than the Federal minimum wage; and (2) supervision by teachers, each to be paid for their services $20,000 per year in addition to their regular salary. Sets forth requirements for LEA applications and assurances. Authorizes appropriations.

Authorizes the Secretary to make grants to SEAs for use by LEAs to repair, renovate, and modernize existing public school buildings to address health, safety, and environmental concerns. Requires State applications to cover a five-year period. Requires appointment of a review panel. Gives priority to: (1) schools that have buildings that are more than 25 years old; and (2) schools in which the buildings' physical condition warrants repair or renovation. Sets the Federal share at 90 percent of project costs. Requires annual State progress reports to the Secretary. Authorizes appropriations.

Authorizes the Secretary to make grants to SEAs for use by LEAs to develop programs in public elementary schools regarding the Bill of Rights. Sets forth requirements for: (1) applications; (2) review panels; (3) 90 percent maximum Federal share; and (4) annual State reports. Authorizes appropriations.

Authorizes the Secretary to make grants to SEAs for use by LEAs to develop or continue physical education programs and interscholastic sports programs in public schools for kindergarten through 12th grade. Sets forth requirements for: (1) applications; (2) review panels; (3) 90 percent maximum Federal share; and (4) annual State reports. Authorizes appropriations.

Authorizes the Secretary to make grants to SEAs for use by LEAs to develop or continue arts education in public schools for kindergarten through 12th grade. Sets forth requirements for: (1) applications; (2) review panels; (3) 90 percent maximum Federal share; and (4) annual State reports. Authorizes appropriations.

Amends the Dwight D. Eisenhower Mathematics and Science Education Act to extend and increase the authorization of appropriations for State grants and national programs to strengthen the skills of teachers and improve instruction in mathematics and science.

Amends the Carl D. Perkins Vocational and Applied Technology Education Act to extend and increase the authorization of appropriations for programs of assistance to vocational education.

Title III: Higher Education Loan Program - Self-Reliance Scholarship Act of 1991 - Amends the Higher Education Act of 1965 (HEA) to provide for Self-Reliance Scholarships to assist students in financing their undergraduate and graduate education.

Establishes the self-reliance scholarship program as a student loan program, with repayments to be made over chosen periods under the income tax system on the basis of the individual's adjusted gross income.

Requires the Director of the Office of Self-Reliance Scholarships established by this Act (the Director) to make such loans to each eligible student who qualifies, in an amount determined according to a specified formula. Authorizes the Director to enter into a contract for the conduct of the program or any portion of it. Requires each eligible institution to submit a list of loan applicants and the amounts for which they are qualified and promptly notify the Director of any change in their enrollment status. Requires the Director to establish an account for each such loan recipient by name and taxpayer identification number and provide for the increase of the total amount stated for such account by any amounts subsequently loaned to such recipient.

Sets forth the terms of institutional agreements under such program, enforcement provisions, and reporting requirements. Requires each eligible institution entering such a program agreement, if it experiences a percentage increase in its cost of attendance exceeding a certain amount, to report to the Director on such increase and its justification. Requires the Director to report to the Congress on the reasons for such excessive increases and whether such information should be used as a basis on which to suspend or revoke, in whole or in part, the agreement with the eligible institution.

Sets forth annual and aggregate limits on the amounts of such loans to individuals, with adjustments for inflation and for less than full-time students. Sets forth terms of such loans and provisions for disbursement of proceeds.

Prohibits the amount of any such loan from being taken into consideration in determining student eligibility for assistance under any other program assisted under HEA.

Establishes in the Treasury the Education Trust Fund (the Fund), consisting of transfers from education loan repayment taxes and surtaxes on individuals with incomes over $1,000,000 and from loan refunds after student withdrawals, amounts received pursuant to the issuance of obligations, and any interest earned on Fund investments. Bases the transfer of tax and surtax amounts on estimates. Requires the Secretary of the Treasury to invest the portion of the Fund which the Director judges is not required to meet current withdrawals. Authorizes the Fund to issue certain obligations. Authorizes the Director to obligate certain sums available to the Fund for specified purposes. Requires the Director to hold the Fund and report annually to the Congress on its financial condition, the results of its operations, and its expected condition and operations.

Provides for repayment of such loans. Requires the Director to develop and implement a procedure for computing repayment percentage options for each borrower, taking specified factors into consideration. Sets various limits on such repayments based on the individual's gross income. Limits the maximum repayment period to 25 years, with individuals given the option of selecting a 15-, 20-, or 25-year repayment period. Requires development of a buyout procedure, including interest and a prepayment penalty. Requires the Director to: (1) provide each borrower with the option to select a repayment status with a repayment percentage determined in accordance with specified procedures and factors; and (2) transmit such information along with the borrower's taxpayer identification number to the borrower and to the Secretary of the Treasury by January 1 of each calendar year. Requires repayment status to commence at the start of the first taxable year following either the date of the loan or the date of graduation, but in no event later than the sixth taxable year after the date of the loan. Authorizes the Director, however, to establish special repayment rules for individuals in categories of special consideration.

Makes proprietary trade schools ineligible for the Self-Reliance Scholarship program. Makes eligible for such scholarships any student who is a U.S. citizen of age 17 through 50.

Amends the Internal Revenue Code to establish the education loan repayment tax, to be imposed upon individuals certified by the Director in an amount equal to the repayment percentage of the taxpayer's adjusted gross income for the taxable year. Sets forth minimum and maximum adjusted gross income amounts. Sets forth requirements for joint returns.

Establishes a surtax on individuals with taxable incomes over $1,000,000. Imposes such surtax on income tax at a specified rate in certain cases, and on the tentative minimum tax at a specified rate in certain cases. Makes special rules for a surtax on estate and trusts and for treatment of married individuals filing separate returns.

Amends the Department of Education Organization Act to establish the Office of Self-Reliance Scholarships, to be administered by the Director who is responsible for overseeing this Act.

Directs the President of the National Academy of Sciences to study and report to specified congressional committees on the impact of higher education tuition rate increases on students and families, along with recommendations for cost containment measures. Authorizes appropriations.