S. 469 aims to change how family farms and small businesses are counted as assets when determining financial aid for higher education under the Higher Education Act of 1965. The bill proposes that family farms where the family lives and small businesses with 100 or fewer...
Simple Explanation
S. 469 is a rule that says if a family owns a farm where they live or a small business with 100 or fewer workers, those things don't count when deciding how much money their kids can get for college help. This means owning a farm or small business won't make it harder to get school money.