Bill > HR8343

This bill, the Opportunities for Success Act of 2022, amends the Higher Education Act of 1965 to reauthorize the Federal work-study program. The key provisions of the bill include: - Increasing authorized funding for the Federal work-study program from $700 million to $2.5 billion by 2027. - Expanding allowable uses of work-study funds to include child development and early learning programs, as well as work-based learning opportunities. - Establishing a new allocation formula that reserves a portion of funds for "improved institutions" with high completion rates for Pell Grant recipients, and allocates the remaining funds based on an institution's undergraduate and graduate student need. - Requiring institutions to use a certain percentage of work-study funds to compensate students during qualified periods of non-enrollment in work-based learning positions. - Creating a new grant program to support the development of work-based learning opportunities at eligible institutions. - Directing the Department of Education to conduct surveys of students, employers, and institutions to assess the Federal work-study program and make improvements. Overall, the bill aims to modernize and expand the Federal work-study program to better support students, particularly those with exceptional financial need, in gaining relevant work experience aligned with their academic or career goals.