S. 5482, the PREP Act, establishes a comprehensive federal prison education system by creating a new Office of Prison Education within the Bureau of Prisons, headed by an Assistant Director, to coordinate and standardize educational programs across all federal correctional facilities. The bill authorizes $170 million in funding from 2027 to 2033 for the Bureau of Prisons and requires education providers to contribute at least 25 percent of program costs, while establishing partnerships with colleges, nonprofits, and community organizations to offer literacy, GED preparation, workforce development, and apprenticeship programs. Education providers must prioritize serving incarcerated individuals without high school diplomas and offer post-release support including credit transfer, financial aid counseling, and job placement assistance. The bill also requires annual reporting and a comprehensive federal evaluation tracking both in-custody outcomes and post-release results over 3 to 5 years, and directs the Department of Veterans Affairs to coordinate with corrections agencies to connect incarcerated veterans to educational benefits, though with restrictions limiting housing stipends for veterans with felony convictions.