The bill proposes to rename the "College Crusade Scholarship" to the "Onward We Learn Scholarship Act" in Chapter 16-70 of the General Laws. It includes several insertions and deletions to reflect this name change throughout the chapter. The bill also grants the council on postsecondary education the authority to establish and support the Onward We Learn scholarship, including financial and technical assistance. It specifies the council's powers and duties, including the preparation of a line-item budget request for the state's support of the program, and designates Onward We Learn as the entity to administer program services and manage scholarship resources associated with the federal GEAR UP program.

Additionally, the bill outlines the budget and appropriations process for the Onward We Learn program, including the requirement for an annual audit and the provision of audit reports to the auditor general and the director of administration. A new section is added to ensure that local education agencies (LEAs) provide individual-level access to student information systems and other data related to college readiness metrics for program participants. The bill also clarifies that scholarships under the Onward We Learn program will not be considered federal or financial aid in relation to the Promise Scholarship or Hope Scholarship Pilot Program. The act is set to take effect upon passage.