A bill to amend the Higher Education Act of 1965 with respect to developing institutions.

[AI summary unavailable — showing source text] Reduces from five to three years, the operating requirement for developing institutions to be eligible for assistance under the Higher Education Act of 1965. Authorizes the Commissioner of Education to waive this requirement in the case of applications for grants by institutions in or near communities with large numbers of Spanish-speaking people if the Commissioner determines that such action will increase higher education for Spanish-speaking people.…