and other stakeholders) either online or in person, 
to— 
(A) the students in the group described in 
paragraph (1); 
(B) the family members and teachers of 
such students; and 
(C) other stakeholders such as school ad-
ministrators and school counselors. 
(3) An identification of partners who will assist 
the eligible entity in establishing and sustaining 
American Dream Accounts. 
(4) A description of what experience the eligible 
entity or the eligible entity’s partners have in man-
aging college savings accounts, preparing low-income 
students for postsecondary education, managing on-
line systems, and teaching financial literacy. 
(5) 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. 
(6) 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 aca-
demic achievement. 
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(7) A description of how the eligible entity will 
notify each participating student in the group de-
scribed in paragraph (1), on a semiannual basis, of 
the current balance and status of the student’s col-
lege savings account portion of the student’s Amer-
ican Dream Account. 
(8) A plan that describes how the eligible entity 
will monitor participating students in the group de-
scribed in paragraph (1) to ensure that each stu-
dent’s American Dream Account will be maintained 
if a student in such group changes schools before 
graduating from secondary school. 
(9) 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. 
(10) A description of how the eligible entity will 
encourage students in the group described in para-
graph (1) who fail to graduate from secondary 
school to continue their education. 
(11) 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 
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grant period, and, if sufficient grant funds are avail-
able, after the grant period: 
(A) Attendance rates. 
(B) Progress reports. 
(C) Grades and course selections. 
(D) The student graduation rate, as de-
fined in section 1111(b)(2)(C)(vi) of the Ele-
mentary and Secondary Education Act of 1965 
(20 U.S.C. 6311(b)(2)(C)(vi)). 
(E) Rates of student completion of the 
Free Application for Federal Student Aid de-
scribed in section 483 of the Higher Education 
Act of 1965 (20 U.S.C. 1090). 
(F) Rates of enrollment in an institution of 
higher education. 
(G) Rates of completion at an institution 
of higher education. 
(12) 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 high-
er education at the time of the conclusion of the pe-
riod of American Dream Account management de-
scribed in paragraph (8). 
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(13) A description of how the eligible entity will 
ensure that funds in the college savings account por-
tion of the American Dream Accounts will not make 
families ineligible for public assistance. 
(14) A description of how the eligible entity will 
ensure that participating students described in para-
graph (1) will have access to the Internet. 
(c) PRIORITY.—In awarding grants under this Act, 
the Secretary shall give priority to applications from eligi-
ble entities that— 
(1) are described in section 3(6)(G); 
(2) serve the largest number of low-income stu-
dents; or 
(3) in the case of an eligible entity described in 
subparagraphs (A) or (B) of section 3(6), provide 
opportunities for participating students described in 
paragraph (1) to participate in a dual enrollment 
program at no cost to the student. 
SEC. 6. AUTHORIZED ACTIVITIES. 
(a) IN GENERAL.—An eligible entity that receives a 
grant under this Act shall use such grant funds to estab-
lish an American Dream Account for each participating 
student described in section 5(b)(1), which will be used 
to— 
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(1) open a college savings account for such stu-
dent; 
(2) monitor the progress of such student online, 
which— 
(A) shall include monitoring student data 
relating to— 
(i) grades and course selections; 
(ii) progress reports; and 
(iii) 
attendance 
and 
disciplinary 
records; and 
(B) may also include monitoring student 
data relating to a broad range of information, 
provided by teachers and family members, re-
lated to postsecondary education readiness, ac-
cess, and completion; 
(3) provide opportunities for such students, ei-
ther online or in person, to learn about financial lit-
eracy, including by— 
(A) assisting such students in financial 
planning for enrollment in an institution of 
higher education; and 
(B) assisting such students in identifying 
and applying for financial aid (such as loans, 
grants, and scholarships) for an institution of 
higher education; 
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(4) provide opportunities for such students, ei-
ther online or in person, to learn about preparing for 
enrollment in an institution of higher education, in-
cluding by providing instruction to students about— 
(A) choosing the appropriate courses to 
prepare for postsecondary education; 
(B) applying to an institution of higher 
education; 
(C) building a student portfolio, which may 
be used when applying to an institution of high-
er education; 
(D) selecting an institution of higher edu-
cation; 
(E) choosing a major for the student’s 
postsecondary program of education or a career 
path; and 
(F) adapting to life at an institution of 
higher education; and 
(5) provide opportunities for such students, ei-
ther online or in person, to identify skills or inter-
ests, including career interests. 
(b) ACCESS TO AMERICAN DREAM ACCOUNT.— 
(1) IN GENERAL.—Subject to paragraphs (3) 
and (4), and in accordance with applicable Federal 
laws and regulations relating to privacy of informa-
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