To establish a matched savings program for low-income students.

The Earn to Learn Act requires the U.S. Secretary of Education to create a competitive grant program within nine months of the bill's enactment. This program enables state governments and nonprofit organizations to operate matched savings programs for low-income postsecondary students. To support grant recipients, the Secretary of Education is required to develop and provide standardized tools, including: * A Financial Capability Training Platform * A Success Coaching Model * A Program Guide * A online Reporting Dashboard that complies with the Family Educational Rights and Privacy Act (FERPA)

* **Low-income postsecondary students and their families**, who can participate in matched savings programs. * **State governments and nonprofit organizations**, which are eligible to apply for competitive grants to run these programs. * **The U.S. Department of Education**, which is required to establish the grant program and build standardized program tools.

* **Grants for Savings Programs:** State governments and nonprofits may apply for federal grants to manage matched savings accounts for qualifying students. * **Matching Rules:** Grant recipients are required to match student or family savings. Once a student or family deposits an initial $100 into a postsecondary match savings account (such as a 529 account or custodial account) for an academic year, the grant recipient must provide $8 in matching funds for every additional $1 deposited. * **Implementation Support:** Grant recipients will use federal tools provided by the Secretary of Education to deliver financial training, coaching, and standardized reporting.

* **Matching Ratio:** Students receive an 8-to-1 match ($8 provided by the grant recipient for every $1 deposited by the student or family) after an initial $100 deposit per academic year. * **Account Types:** Funds are held in custodial accounts or 529 postsecondary savings accounts. * **Federal Spending:** The provided summary does not detail the total amount of federal funding allocated for the grant program.

* The 8-to-1 funding match applies only after an initial $100 deposit is made for the academic year. * Grants are limited to state governments and nonprofit entities; individuals cannot apply directly to the U.S. Department of Education for a grant. * **Unclear details:** The provided summary is incomplete regarding the exact rules for student contributions if a student loses program eligibility or if the program expires.

This bill requires the U.S. Department of Education to set up a grant program within nine months to help states and nonprofits offer matched savings accounts for low-income college students, matching student deposits at an $8-to-$1 rate after an initial $100 deposit per academic year.