# 114-hr-4222: Higher Education Savings Accounts Act of 2015

114-hr-4222, Higher Education Savings Accounts Act of 2015, is a 114th Congress bill sponsored by Rep. Carney, John C., Jr. [D-DE-At Large] (D-DE); status Referred to the Subcommittee on Higher Education and Workforce Training. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4222
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4222
- Congress: 114
- Title: Higher Education Savings Accounts Act of 2015
- Status: Referred to the Subcommittee on Higher Education and Workforce Training.
- Introduced: 2015-12-10
- Sponsor: Rep. Carney, John C., Jr. [D-DE-At Large] (D-DE)
- Cosponsors: 0
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Higher Education Savings Accounts Act of 2015 This bill requires the Department of Education (ED) to carry out a pilot program under which tax-exempt savings accounts (to be known as higher education pledge accounts) are established for the benefit of 9th and 10th grade students who are eligible to receive free or reduced price lunches under the Richard B. Russell National School Lunch Act. ED: (1) shall deposit into each account for a selected student an initial amount equal to the amount of the maximum federal Pell Grant for the award year, and (2) may make additional deposits of such amount based on the student's academic progress. A student may use funds from such account only to pay the cost of attendance at a qualified institution. Any contribution to or distribution from such account shall not be includible in gross income. The amount of any Pell Grant awarded to a student attending a qualified institution shall be reduced by the amount in such student's account. ED shall: (1) monitor the academic progress of each student for whose benefit an account is maintained; and (2) ensure that each such student receives at least 12 hours of financial counseling on the rules pertaining to deposits, distributions, and the tax treatment of funds in the account and on sources of federal financial assistance for higher education.

## Related bills

- 114-hr-6500: Moving Housing Forward Act of 2016
- 114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act
- 114-hr-6145: Christen O'Donnell Equestrian Helmet Labeling Act of 2016
- 114-hr-6017: Race to the Job Initiative Act
- 114-hr-5989: United States and Israel Space Cooperation Act
- 114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act

## Sources
- [114-hr-4222 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4222)

## Related
- [114-hr-6500: Moving Housing Forward Act of 2016](https://policyrisk.com/legislation/114-hr-6500)
- [114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act](https://policyrisk.com/legislation/114-hr-6427)
- [114-hr-6145: Christen O'Donnell Equestrian Helmet Labeling Act of 2016](https://policyrisk.com/legislation/114-hr-6145)
- [114-hr-6017: Race to the Job Initiative Act](https://policyrisk.com/legislation/114-hr-6017)
- [114-hr-5989: United States and Israel Space Cooperation Act](https://policyrisk.com/legislation/114-hr-5989)
- [114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act](https://policyrisk.com/legislation/114-hr-5980)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4222 (as of 2025-11-18).