dents described in clause (i) who have not 
matriculated at an institution of higher 
education at the time of the conclusion of 
the period of American Dream Account 
management described in clause (viii); 
(xii) a description of how the eligible 
entity will ensure that funds in the college 
savings account portion of the American 
Dream Accounts will not make families in-
eligible for public assistance; and 
(xiii) a description of how the eligible 
entity will ensure that participating stu-
dents described in clause (i) will have ac-
cess to the Internet. 
(C) PRIORITY.—In awarding grants under 
this subsection, the Secretary of Education 
shall give priority to applications from eligible 
entities that— 
(i) 
are 
described 
in 
paragraph 
(1)(E)(vii); 
(ii) serve the largest number of low-in-
come students; 
(iii) emphasize preparing students to 
pursue careers in science, technology, engi-
neering, or mathematics; or 
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(iv) in the case of an eligible entity 
described in clause (i) or (ii) of paragraph 
(1)(E), provide opportunities for partici-
pating students described in clause (i) to 
participate in a dual enrollment program 
at no cost to the student. 
(4) AUTHORIZED ACTIVITIES.— 
(A) IN GENERAL.—An eligible entity that 
receives a grant under this subsection shall use 
such grant funds to establish an American 
Dream Account for each participating student 
described in paragraph (3)(B)(i), which will be 
used to— 
(i) open a college savings account for 
such student; 
(ii) monitor the progress of such stu-
dent online, which— 
(I) shall include monitoring stu-
dent data relating to— 
(aa) grades and course se-
lections; 
(bb) progress reports; and 
(cc) attendance and discipli-
nary records; and 
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(II) may also include monitoring 
student data relating to a broad range 
of information, provided by teachers 
and family members, related to post-
secondary education readiness, access, 
and completion; 
(iii) provide opportunities for such 
students, either online or in person, to 
learn about financial literacy, including 
by— 
(I) assisting such students in fi-
nancial planning for enrollment in an 
institution of higher education; and 
(II) assisting such students in 
identifying and applying for financial 
aid (such as loans, grants, and schol-
arships) for an institution of higher 
education; 
(iv) provide opportunities for such 
students, either online or in person, to 
learn about preparing for enrollment in an 
institution of higher education, including 
by 
providing 
instruction 
to 
students 
about— 
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(I) 
choosing 
the 
appropriate 
courses to prepare for postsecondary 
education; 
(II) applying to an institution of 
higher education; 
(III) building a student portfolio, 
which may be used when applying to 
an institution of higher education; 
(IV) selecting an institution of 
higher education; 
(V) choosing a major for the stu-
dent’s postsecondary program of edu-
cation or a career path, including spe-
cific instruction on pursuing science, 
technology, engineering, and mathe-
matics majors; and 
(VI) adapting to life at an insti-
tution of higher education; and 
(v) provide opportunities for such stu-
dents, either online or in person, to iden-
tify skills or interests, including career in-
terests. 
(B) ACCESS
TO
AMERICAN
DREAM
AC-
COUNT.— 
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(i) IN GENERAL.—Subject to clauses 
(iii) and (iv), and in accordance with appli-
cable Federal laws and regulations relating 
to privacy of information and the privacy 
of children, an eligible entity that receives 
a grant under this subsection shall allow 
vested stakeholders described in clause (ii), 
to have secure access, through the Inter-
net, to an American Dream Account. 
(ii) VESTED
STAKEHOLDERS.—The 
vested stakeholders that an eligible entity 
shall permit to access an American Dream 
Account are individuals (such as the stu-
dent’s teachers, school counselors, coun-
selors at an institution of higher education, 
school administrators, or other individuals) 
that are designated, in accordance with the 
Family Educational Rights and Privacy 
Act of 1974 (20 U.S.C. 1232g), by the 
parent of a participating student in whose 
name such American Dream Account is 
held, as having permission to access the 
account. A student’s parent may withdraw 
such designation from an individual at any 
time. 
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(iii) EXCEPTION FOR COLLEGE SAV-
INGS ACCOUNT.—An eligible entity that re-
ceives a grant under this subsection shall 
not be required to give vested stakeholders 
described in clause (ii), access to the col-
lege savings account portion of a student’s 
American Dream Account. 
(iv) 
ADULT
STUDENTS.—Notwith-
standing clauses (i) through (iii), if a par-
ticipating student is age 18 or older, an el-
igible entity that receives a grant under 
this subsection shall not provide access to 
such 
participating 
student’s 
American 
Dream Account without the student’s con-
sent, in accordance with the Family Edu-
cational Rights and Privacy Act of 1974 
(20 U.S.C. 1232g). 
(v) INPUT
OF
STUDENT
INFORMA-
TION.—Student data collected pursuant to 
subparagraph (A)(ii)(I) may only be en-
tered into an American Dream Account by 
a school administrator or such administra-
tor’s designee. 
(C) PROHIBITION ON USE OF STUDENT IN-
FORMATION.—An eligible entity that receives a 
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