Higher Education Technical Amendments Act of 1987

[AI summary unavailable — showing source text] Higher Education Technical Amendments Act of 1987 - Amends provisions of the Higher Education Act of 1965 relating to: (1) the selection criteria for institutional challenge grant eligibility, including provisions for the waiver of certain requirements in certain cases when the Secretary of Education determines that such a waiver will substantially increase higher education opportunities appropriate to the needs of American Indians; (2) the value of a principal residence for the purpose of computations to determine Pell grant eligibility in certain cases involving dislocated workers or displaced homemakers; (3) the definition of "untaxed income and benefits" for the purpose of computing annual adjusted family income for Pell grant eligibility determinations; (4) the formula used in assessing institutional need for purposes of the allocation of funding for supplemental educational opportunity grants; (5) authorizations for FY 1987 through 1991 for the high school equivalency and the college assistance migrant programs; (6) special child care services for disadvantaged college students; (7) per student aggregate loan limits; (8) variable interest rates on supplemental and PLUS loans,…