Originally signed into law in 1965, the Higher Education Act (HEA) has been rewritten and renewed on eight separate occasions. Most recently reauthorized in 2008 as the Higher Education Opportunity Act (P.L. 110-315), the legislation was originally set to expire in 2013, but Congress has since acted to extend this deadline to 2015— just in time for the 114th Congress to consider the law’s reauthorization.
This comprehensive legislation governs nearly all federal financial aid programs for the nation’s postsecondary students. The vast majority of HEA funding flows through Title IV of the legislation which oversees the administration of the various student loan and grant programs such as the federal Pell grant and Perkins loans programs.