Higher Education Act of 1965
The Higher Education Act of 1965 was signed into law on Nov. 8, 1965 by President Lyndon B. Johnson as part of his ‘Great Society’ domestic agenda. It was enacted “to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education.”
Would-be college students suddenly found themselves with more opportunity as scholarships were created and low-interest loans were offered through the Higher Education Act. President Johnson was adamant about secondary education becoming one of the top priorities in America.
Originally proposed to the House of Representatives on January 19, 1965, it only took 11 months to navigate the halls of Congress and be signed into law. The Act is classified as Public Law 89-329.
The Higher Education Act of 1965 carried six different goals:
- Provide funding for and continue the use of educational programs.
- Allocate money in order to increase library inventory.
- Provide growth opportunities for newer colleges and universities.
- Offer scholarships and lower interest loans to students, as well as work-study programs.
- Improve the quality of teaching curriculum.
- Improve the quality of undergrad programs.
- Bipartisan Bill to Help Student Loan Tax Penalty for Death and DisabilityAmidst the student loan debt crisis, there have been programs implemented under the Obama administration that aim to help college graduates repay their student loans.
- Minorities Needed in Law School
Need help paying for your student loans?
Let Ameritech Financial pave the way towards financial freedom.Learn More