The Senate approved an amendment to the House-passed FUTURE Act that would permanently restore the annual appropriation of $255 million for minority serving institutions that expired September 30, as well as streamline both the Free Application for Federal Student Aid (FAFSA) and the process borrowers use to repay income-driven student loans. The amendment also provides for a small increase in the maximum Pell Grant award.
A description of the compromise solution can be obtained at https://www.help.senate.gov/ranking/newsroom/press/senate-education-leaders-propose-bipartisan-solution-to-permanently-fund-historically-black-colleges-and-universities-and-minority-serving-institutions.