The New Economy Work (NEW) Scholarship is a proposed scholarship designed to reform federal training programs and to make them universally accessible to dislocated or disadvantaged workers. NEW Scholarships would accomplish the following things: (1) make access to training for dislocated workers as universally available as access to college; (2) provide dislocated workers with scholarships worth up to $4,000; (3) reduce red tape by allowing workers seeking retraining to apply for aid directly from certified training providers rather than government agencies; and require national standards for all certified training providers and an annual report card to help workers identify the best lifelong learning programs. According to the proposal calling for establishment of NEW Scholarships, Department of Labor one-stop centers would continue to serve as centers of information; however, the management of those sites would be contracted out to unions, associations, and for-profit and nonprofit organizations. It estimated that Congress and the administration could fund NEW Scholarships by redirecting $1.5 billion already allocated for the Dislocated Worker Employment Training Program and the Trade Adjustment Assistance and North American Free Trade Transitional Adjustment Assistance Programs. Assuming that 25% of dislocated workers utilize NEW Scholarships at an average of $1,500 per individual, the program's cost would fit easily within existing budgetary resources. (MN)