Restores exemption for family farms and small businesses from asset definitions in the Higher Education Act of 1965.
The Family Farm and Small Business Exemption Act amends the Higher Education Act of 1965 to exclude family farms and small businesses from the asset definitions. This change affects the need analysis for financial aid under the Higher Education Act, applying to award years starting after the bill's enactment.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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