This report discusses the education and empowerment of Hispanic Americans, stressing the importance of expanding access to educational opportunity from preschool through graduate and professional school. The report focuses on closing the educational and opportunity gap faced by Hispanics in the United States. After an introduction, "A Hard Look at Where We Are Now," the first section discusses "Education and Hispanic Economic Opportunity." The next section presents "Where the Jobs Are," examining various types of jobs. The third section discusses "Earnings and the Hispanic Education Gap," examining educational achievement and attainment, education and earnings, job types, immigration and the economy, education and unequal pay, the importance of academic skills, the educational domino effect, and the importance of nonacademic skills. The fourth section examines "Skills and the Hispanic Employment Outlook through 2006," discussing the various skill levels and noting policy implications. The fifth section examines "Hispanic College Participation, 1995-2015," discussing challenges and increased access for traditional and nontraditional students. The sixth section highlights "Policy Priorities," including money matters, affirmative action and beyond, reinventing assessment, and supporting bilingual education. The seventh section discusses "A Strategy of Engagement," including enhancing social capital, reaching out to Hispanic students, encouraging community-based postsecondary institutions, and introducing new policy priorities. An appendix presents additional data on educational attainment and educational opportunity. (Contains 74 references, 16 tables, and 32 figures.) (SM)