The bipartisan FUTURE Act heads to President Trump to be signed into law after passing the House by a vote of 319-96 and the Senate by voice vote. The bill permanently reauthorizes and provides $255 million in annual mandatory funding for Historically Black Colleges and Universities (HBCUs) and other Minority-Serving Institutions (MSIs). The FUTURE Act also takes steps to streamline the financial aid process, including simplifying the Free Application for Federal Student Aid (FAFSA) and eliminating unnecessary paperwork for federal student loan borrowers on income-driven repayment plans.