A United States federal law signed by President Lyndon B. Johnson in 1965 as part of his Great Society agenda, establishing the framework for federal financial aid to postsecondary students, including grant and loan programs, and expanding federal support for university resources, teacher training and library materials. Reauthorized repeatedly since, most substantially in 1972 (creating what became the Pell Grant) and 2008, it remains the primary statutory basis for the federal student aid system administered by the US Department of Education.
Facts
Key ProvisionEstablishes the framework for federal financial aid to US postsecondary students, later amended to create the Pell Grant program. 1 Enacted / Adopted Year Classification
Policy TypeFunding or Finance Policy 1 FAQs
What kinds of student aid did the original 1965 act set up?
Grants for students of exceptional financial need through colleges, plus a system of insured student loans.
The 1965 law opened its student assistance title with educational opportunity grants. Its stated purpose was to provide, through colleges and universities, grants that made higher education available to qualified high school graduates of exceptional financial need. The same title then set up a federal system of insured loans to students, with the aim of encouraging States and nonprofit institutions to establish loan insurance programs for students in eligible institutions. The act also carried separate titles for college library resources and for teacher programs.
Connections
Sources
1. Wikipedia
Wikimedia FoundationDescription, policy-kind classification
Johnson in 1965 as part of his Great Society agenda, establishing the framework for federal financial aid to POSTSECLEVEL students, including grant and loan programs, and expanding federal support for university resources, teacher training and library materials.
- Associated With: Federal Pell Grant Program
View the Source Wikipedia: Curriculum
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