Ernst Fights to Keep Higher Education Accessible for Farm Families

WASHINGTON – U.S. Senators Joni Ernst (R-Iowa) and Michael Bennet (D-Colo.) are standing up for families and fighting to reverse changes to the Free Application for Federal Student Aid (FAFSA) process that could reduce or even eliminate access to need-based student aid for farm families and small business owners.

Their bipartisan Family Farm and Small Business Exemption Act would amend the FAFSA Simplification Act to restore the original exemption of all farmland, machinery, other operational materials, and small businesses with fewer than 100 employees from being declared on the FAFSA form.

“No one should have to sell off the farm – or their small business – to afford college. As a farm kid myself, I know the enormous impacts grants and financial aid have on rural students’ decision to go to college,” said Ernst. “I’m fighting for Iowa families, so unfair policies don’t hold them back from investing in their child’s education.”

“From Colorado to Iowa, federal financial aid helps ensure more students can afford college – including students from farm families, whose businesses are vital to our communities and economies,” said Bennet. “Our bipartisan bill will help ensure these students receive the financial aid they need.”

Congressman Tracey Mann (R-Kan.) is introducing this legislation in the House:

“Across Kansas’ Big First District and the country, net farm income has decreased by nearly 25% since 2022,” said Rep. Mann. “Between navigating record-levels of inflation and skyrocketing input costs, our family farmers, ranchers, agricultural producers, and small business owners are doing their best to make an honest living. When young people from these families are applying for higher education financial aid, the assets tied up in the family farm or the small business should not count against them. Congress should work to make life easier, not harder, for these dedicated families and students. My bill evens the playing field for these students and families, while protecting the American dream for every student regardless of their parents’ career ventures.”

Under the previous contribution formula, the expected family contribution – calculated from information taken from the FAFSA form – did not include farm or small business assets. However, under the new formula the student aid index will take those assets into account, drastically driving up the amount a family is expected to contribute. 

“Senator Ernst has taken an important step to restore equity to farm families whose special circumstances were lost in the efforts to simplify the FAFSA. Leaving deserving farm families out of federal student aid programs is not simplification, it is bad policy. The nation’s private colleges are very appreciative for all she is doing to fix this mistake,” said Barbara Mistick, President of the National Association of Independent Colleges and Universities.

“Senator Ernst’s bill is a win for Iowa families, ensuring students from family farms and small businesses across the country don’t lose out on critical financial aid. This is a step forward for Iowans and removes an unnecessary barrier to higher education,” said Brenda Buzynski, Assistant Provost and Director of Student Financial Aid at University of Iowa.

“Our country’s farmers and ranchers are facing tremendous challenges, from a strained farm economy to legislative and regulatory uncertainty. Making it more difficult for their children to attain a college education shouldn’t be an added burden. We know that farmers’ assets are tied up in the value of their land, livestock and equipment, yet their kids may not qualify for federal financial student aid. AFBF commends Senator Ernst’s work to find a solution to the challenges created by the asset calculation changes in the FAFSA Simplification Act,” said Ryan Yates, Managing Director of Government Affairs at American Farm Bureau Federation.

“NASSGAP is pleased to support Senator Joni Ernst's efforts to ensure continued access to the financial aid children of family farmers need to attend college. Family farmers are the backbone of America and NASSGAP is honored to help Sen. Ernst ensure their children have the same access to higher education,” said Frank Ballman, Director of Federal Relations at the National Association of State Student Grant and Aid Programs.

Background:

Ernst has been a strong advocate for Iowa families to be able to responsibly finance their child’s education. 

After Biden’s Department of Education botched their FAFSA rollout, Ernst supported the FAFSA Deadline Act that became law and gave families the certainty they deserve. To ensure more Iowa families are not left out, Ernst conducted critical oversight, demanded answers on behalf of agricultural communities, and worked to get input directly from impacted Iowans.

On her annual River to River Tour, Ernst hosted town halls and met with students and schools to discuss the effects of FAFSA to bring Iowans’ concerns to Washington.

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