This bill proposes to amend the Higher Education Act of 1965 to ban certain preferential admissions practices at colleges and universities. It mandates that institutions participating in Federal student assistance programs must agree not to provide any preferential treatment in their admissions process. Specifically, the prohibition applies to applicants based on their relationships to either donors to the institution or alumni . This aims to ensure a fairer and more merit-based admissions system, removing advantages for "legacy" students or those connected to financial contributors. The amendment is slated to become effective on the first day of the second award year after the bill's enactment.