Higher Education Act

The Higher Education Act was originally passed in 1965, as part of President Lyndon Johnson’s attempt to “strengthen the educational resources of our colleges and universities and provide financial assistance for students in post secondary and higher education.” The original reform made it easier for many to pursue secondary education by generating low-interest student loans, increasing the funding that is provided to universities, and creating scholarships. This legislation was designed to be open for review and change approximately every five years from its origination, in order to accommodate growth and improvement in the reformation of education.

The Higher Education Act has been reauthorized in the years 1968, 1972, 1976, 1980, 1986, 1992, 1998, 2008, and 2009. In 1998, the amendment prevented individuals with drug charges from receiving federal financial aid for school. Next, in 2003, the changes made to the Higher Education Act were intended to assist minority groups accomplish their educational goals. Then, the 2008 Higher Education Act made an amendment that would offer loan repayment forgiveness for disabled people. In other years of reconsideration, little changes were made and the existing legislature was reauthorized.

More recently, in 2009, Obama signed for some technical changes to occur in the Higher Education Act, which updated some language and political issues. Authorization of the program that is currently in effect is set to expire in 2013. However, with the current state of our economy, many people expect to see changes occur with the Higher Education Act before then. In 2010, the government plans to put a large focus on items pertaining to post secondary education loans and loan repayment.