H.R. 1131, titled the "Family Farm and Small Business Exemption Act," aims to change the way family farms and small businesses are treated in financial aid calculations for college. The bill proposes to amend the Higher Education Act of 1965, so that the value of family farms...
Simple Explanation
H.R. 1131 wants to help families who own farms or small businesses by making it easier for them to get money for college. It says that the value of their farm or business shouldn't count when figuring out how much help they can get for school.