The bill amends Chapter 16-70 of the General Laws, changing the name of "The College Crusade Scholarship" to "The Onward We Learn Scholarship Act." The bill includes several insertions and deletions to reflect this name change throughout the chapter. Specifically, the short title of the chapter is changed, the program for the support of the scholarship is established under the new name, and the council on postsecondary education's powers and duties are updated to align with the Onward We Learn Scholarship Program. Additionally, the bill outlines the budget and appropriations process for the scholarship program, including the requirement for an annual audit and the provision that scholarships received from the program are not considered federal or financial aid in conjunction with other Rhode Island scholarship programs.

Furthermore, the bill mandates that Local Education Agencies (LEAs) provide individual-level access to student information systems and other data related to college readiness metrics to the organization administering the Onward We Learn Scholarship Program. This is to ensure that participants receive the best possible services and supports. The explanation by the legislative council clarifies that the act would take effect upon passage and emphasizes that the scholarships from this program will not be considered federal or financial aid in relation to the Rhode Island Promise Scholarship or the Rhode Island Hope Scholarship Pilot Program.