American Dream Accounts Act

[AI summary unavailable — showing source text] American Dream Accounts Act Authorizes the Secretary of Education to award competitive grants to eligible entities so each can establish and administer American Dream Accounts for a group of at least 30 low-income public school students who, at the time the entities apply for a grant, are attending a grade no higher than ninth grade. Lists as eligible entities: (1) state educational agencies; (2) local educational agencies (LEAs), including charter schools that operate as their own LEA; (3) charter management organizations or charter school authorizers; (4) institutions of higher education (IHEs) or Tribal Colleges or Universities; (5) nonprofit organizations; (6) entities experienced in educational savings or assisting low-income students attain higher education; (7) consortia of two or more of these entities; and (8) consortia of one or more of these entities and a public, charter, or Indian school. Describes an American Dream Account as a personal online account for low-income students that monitors their progress toward higher education and includes a college savings account. Requires American Dream Accounts to provide students with opportunities, either online or in person, to…