Proposed Legislation to Help Farming Families with Federal Student Aid
Bipartisan lawmakers propose legislation to amend federal student aid provisions to help students in farming families receive aid without having to sell off their farm or small business. The bill would exempt farms and small family businesses from considerations in the Higher Education Act of 1965, offering a more realistic calculation for rural students seeking federal aid.
Key Points
- Legislation aims to exempt farms and small family businesses from considerations in federal student aid provisions
- Seeks to provide a more accurate representation of rural students' financial situations
- Addresses concerns about how assets tied up in family farms or small businesses impact financial aid eligibility
Pros
- Helps students in farming families access federal aid without having to sell off assets
- Addresses concerns about how farming families are assessed for financial aid eligibility
- Bipartisan effort to amend federal student aid provisions
Cons
- Potential challenges in implementing the proposed changes
- May face opposition from certain groups or policymakers