Preparing for the Future Act

HR 3511, the Preparing for the Future Act, establishes a federal grant program to support students pursuing school psychology degrees. It provides up to $8,000 annually (capped at $16,000 total) for tuition and fees at approved institutions, contingent on maintaining academic standards (e.g., GPA equivalent to 3.25 or high test scores) and agreeing to serve as a full-time school psychologist in a "covered school" for four academic years within eight years of graduation. Covered schools are defined as public or nonprofit elementary/secondary schools with fewer than one psychologist per 500 students and in Title I-eligible districts. Failure to complete the service obligation converts the grant into a repayable federal loan with interest.