This bill proposes to amend the Higher Education Act of 1965, mandating that institutions of higher education participating in federal student financial assistance programs under Title IV must establish a policy to award posthumous degrees. This requirement serves as a condition for their continued participation in these crucial federal programs. Under the proposed policy, posthumous degrees would be awarded to students who were enrolled in a degree program, died before completing it, and, at the time of their death, maintained an academic standing consistent with the institution's graduation requirements. The institution itself would determine this academic standing. Additionally, the bill specifies that the standards used by accreditation agencies or associations should not take into consideration the number of posthumous degrees awarded by an institution. The amendments made by this Act are slated to take effect one year after the date of its enactment.