This landmark legislation permanently extends mandatory funding for Historically Black Colleges and Universities (HBCUs), Tribal Colleges and Universities (TCUs), Hispanic-Serving Institutions (HSIs), and other Minority-Serving Institutions (MSIs) to increase their science, technology, engineering, and mathematics (STEM) outcomes, among other things. The law also eases the burdens on low-income, first generation college students by simplifying the process for applying for student financial aid.