; (2) provide a much-needed supplement to traditional financial aid options through matched savings; (3) give students the tools to succeed by giving students the opportunity to invest in their education and to improve their financial capability through financial empowerment training and success coaching; and (4) help students— (A) develop healthy financial habits and life skills; (B) prepare to embark on a lifetime of healthy financial practices after graduation; and (C) minimize or eliminate student loan debt. 4. Definitions In this Act: (1) 529 account The term 529 account means a qualified tuition program as defined in section 529(b) of the Internal Revenue Code of 1986. (2) Eligible educational institution The term eligible educational institution means— (A) an institution of higher education, as defined in section 102 of the Higher Education Act of 1965 ( 20 U.S.C. 1002 ); or (B) an area career and technical education school, as defined in section 3(3) of the Carl D. Perkins Career and Technical Education Act of 2006 ( 20 U.S.C. 2302(3) ). (3) Eligible entity The term eligible entity means a State or a nonprofit organization. (4) Eligible student The term eligible student means an individual who— (A) is selected to participate in a postsecondary education match savings account program; (B) has been admitted to an eligible educational institution; (C) is a student from a low-income family, as determined by the eligible entity; (D) successfully completes a required prerequisite personal finance training program; (E) agrees to contribute savings to the postsecondary education match savings account administered by the eligible entity under this section