A bill to provide for an endowment grant program to support college access programs nationwide, and for other purposes.
College Access Act - Establishes an endowment grant program to support college access programs nationwide.
Directs the Secretary of Education to award endowment grants to eligible organizations in amounts based on specified mandatory award amount formulae. Authorizes the Secretary to make grants to such organizations in amounts based on specified permissive award amount formulae. Includes among organizational eligibility requirements: (1) provision of a school-based advisor to public secondary school students; and (2) offer of assistance and incentives to encourage such students to attend college. Sets forth authorized uses of such grant funds.
Establishes in the Treasury the College Access Endowment Fund. Makes Fund interest and earnings available to the Secretary of Education to award endowment grants.
Authorizes appropriations.
Introduced in Senate
Read twice and referred to the Committee on Labor and Human Resources.
Sponsor introductory remarks on measure. (CR S592-593)
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