; (2) serve the largest number of low-income students; (3) in the case of an eligible entity described in subparagraph (A) or (B) of section 3(7), provide opportunities for participating students described in subsection (b)(1) to participate in a dual or concurrent enrollment program or early college high school program at no cost to the student or the student's family; or (4) as of the time of application, have been awarded a grant under chapter 2 of subpart 2 of part A of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070a–21 et seq.) (commonly referred to as the GEAR UP program ). 6. Authorized activities (a) In general An eligible entity that receives a grant under this Act shall use such grant funds to establish an American Dream Account for each participating student described in section 5(b)(1), that will be used to— (1) except as provided in subsection (d), assist with opening a savings account for such student; (2) monitor the progress of such student online, which— (A) shall include monitoring student data relating to— (i) grades and course selections; (ii) progress reports; and (iii) attendance and disciplinary records; and (B) may also include monitoring student data relating to a broad range of information, provided by teachers and family members, related to postsecondary education readiness, access, and completion; (3) provide opportunities for such students, either online or in person, to build financial capability, including by— (A) assisting such students in financial planning for enrollment in an institution of higher education; (B) assisting such students in identifying and applying for financial aid (such as loans, grants, and scholarships) for an institution of higher education; and (C) enhancing student understanding of consumer, economic, and personal finance concepts