"The bipartisan deal announced Tuesday to amend legislation tied to funding historically black colleges and universities and other minority-serving institutions is moving quickly. It's already been passed in the U.S. Senate," Inside Higher Ed reports. 

"In addition to making permanent $255 million in annual funding to those institutions, the so-called FUTURE Act would also simplify the Free Application for Federal Student Aid and eliminate paperwork for the 7.7 million federal student loan borrowers currently on income-driven repayment plans by automating income recertification.

This was the latest attempt at compromise after Senator Lamar Alexander, the Tennessee Republican who chairs the education committee, proposed a package of bills that was seen as a piecemeal approach to reauthorization of the Higher Education Act.

...

The development has been praised by HBCUs and higher education advocates. The Thurgood Marshall College Fund, a nonprofit that advocates for black colleges, released statements from several HBCU presidents in support of the bill and its passage. The National Association of Student Financial Aid Administrators also released a supportive statement."

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Publication Date: 12/6/2019