WASHINGTON – Today, Congress passed the American Dream Accounts Act, introduced by U.S. Senators Chris Coons (D-Del.) and Marco Rubio (R-Fla.), that will help to increase the number of low-income and at-risk students able to access and complete technical training and a college education. This legislation will authorize the Department of Education to award funding to support innovative and comprehensive partnerships that support low-income students in preparation for technical training and college and is included in the reauthorization of the Carl D. Perkins Career and Technical Education Act.
“I’m thrilled that my bipartisan American Dream Accounts Act will be enacted into law,” said Senator Coons. “I have worked on this bill with Senator Rubio for many years. If we want to ensure that American workers can compete in the global economy, we must ensure that every child has an equal opportunity to access technical training and higher education. This legislation will bridge the opportunity gap by streamlining resources that allow young people to prepare for, save for, and achieve their educational dreams. I look forward to working with the administration to fully realize the possibilities of American Dream Accounts for students across the country."
“The American Dream Accounts Act will create stronger pathways for children to achieve academic success by providing students and families with the tools to save for college and achieve their American dream, which is what makes our country exceptional,” Senator Rubio said. “It is crucial we do everything we can to expand economic mobility and lessen the opportunity gap in America. I look forward to the President helping to advance these goals through the enactment of this bill.”
The American Dream Accounts Act authorizes the Department of Education to award funding to local partnerships that:
