; (II) to learn about preparing for enrollment in an institution of higher education; and (III) to identify career interests. (iii) Priority The Secretary shall give priority to applicants that demonstrate one or more of the following: (I) An intention to focus on STEM education and careers. (II) The ability to serve a large number of low-income students. (III) In the case of eligible entities described in subclause (I) or (II) of clause (iv), the provision of opportunities for students to participate in a dual or concurrent enrollment program or early college high school program at no cost to the student or to the student’s family. (iv) Eligible entities An eligible entity may be a partnership of two or more of the following entities: (I) A State educational agency. (II) A local educational agency, including a charter school that operates as its own educational agency. (III) A charter management organization or charter school authorizer. (IV) An institution of higher education or a Tribal college or university. (V) A nonprofit organization. (VI) An organization with demonstrated experience in educational savings or in preparing low-income students for higher education. (v) Reports and evaluations Not later than 1 year after the date on which the Secretary of Education disburses grants under this Act, and annually thereafter until each grant disbursed under this Act has ended, the Secretary shall prepare and submit a report to the appropriate committees of Congress, which shall include an evaluation of the effectiveness of the grant program established under this Act, including in building financial capability. (vi) Eligibility to receive federal student financial aid Notwithstanding any other provision of law, any funds that are in the college savings account portion of a student’s American Dream Account— (I) shall not affect such student’s eligibility to receive Federal student financial aid, including any Federal student financial aid under the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.)