Public Law No: 116-91 (12/19/2019)
Fostering Undergraduate Talent by Unlocking Resources for Education Act or the FUTURE Act
This bill permanently authorizes funding for minority-serving institutions of higher education and increases the authorization of appropriations for Pell Grants.
This bill directs the Internal Revenue Service (IRS), upon the written request of the Department of Education (ED), to disclose to any authorized person, tax return information to determine eligibility for recertifications for income-contingent or income-based repayments of student loans, discharges of loans based on total and permanent disability, and the amount of student financial aid under the Higher Education Act of 1965. The IRS must also establish and implement procedures for recertifying income for purposes of this bill and for requesting tax return information.
The bill requires ED and the IRS to issue joint reports to Congress on this bill, including an update on the status of implementation of this bill and an evaluation of how such implementation affected the processing of applications for financial aid and discharge of student loans.
Tim Burchett decided that America had enough money to pay for a Space Force, but not enough to properly fund Historically Black Colleges and Universities. HR 5363, which was a bipartisan agreement restoring funding to HBCU’s around the country, which more than half of the Republican party voted for. This legislation will increase equity in our higher education system and provide additional resources to schools like Knoxville College across the US.
Budgets are a statement of priorities.