A bill to amend the Higher Education Act of 1965 to provide fair treatment, for purposes of computing family contributions in college student assistance, for students affected by the sale or forfeiture of family farm assets.

Amends the Higher Education Act of 1965 (HEA) to direct the Secretary of Education to promulgate, within 30 days after the enactment of this Act, special regulations to prevent, in the computation of family contributions for any program under title IV (Student Assistance) of HEA, the inclusion in family income of any proceeds of a sale of the farm assets of that family if such sale results from a voluntary or involuntary foreclosure, forfeiture, or bankruptcy.