The Impacts and Outcomes of the Higher Education Act of 1965 Fifty-five Years Later

This paper will examine the evolution of the Higher Education Act from the initial passing in 1965 to now. With the implementation of the act, federal financial aid assistance for funding higher education through grants and loans has developed into a topic of public interest with heavy government involvement. Through its multiple amendments and reauthorizations, the Higher Education has morphed from a grant based program into a loan based program. With loans becoming more accessible to disadvantaged communities, career and for-profit institutions take advantage the federal financial aid programs to lure students which is responsible for creating the student loan crisis of today.