Bill > HR7644

This bill, the Opportunities for Success Act of 2024, amends the Higher Education Act of 1965 to reauthorize the Federal work-study program. The key provisions of the bill include: - Increasing the authorized appropriations for the Federal work-study program from $700 million to up to $2.5 billion per year by fiscal year 2029. - Allowing work-based learning opportunities like internships and apprenticeships to count towards the work-study program. - Requiring institutions to use at least 3% of their work-study funds to compensate students with exceptional financial need who are employed during periods when they are not enrolled. - Increasing the maximum hourly wage for work-study students from $300 to $500. - Establishing a grant program to provide funding for institutions to develop or expand work-based learning opportunities for students. - Requiring the Department of Education to conduct surveys of students, employers, and institutions to assess the work-study program and provide a report to Congress. - Directing the Government Accountability Office to study best practices for assisting work-study students, particularly those with exceptional need. The overall goal of the bill is to expand and improve the Federal work-study program to provide more opportunities for students, especially those with financial need, to gain valuable work experience related to their academic or career goals.