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Based on the Higher Education Act of 1965, a Hispanic-Serving Institution is a university that qualifies for additional federal funding if it meets five criteria, including the 25% Hispanic quota.
Canceling student debt under the Higher Education Act will take much longerthe Heroes Act attempt because it requires a rule-making process that includes a public comment and notice period.
Source: https://qz.com/biden-is-attempting-to-cancel-student-debt-again-with-a-1850597242
Currently, no indications exist that the administration intends to end enforcement of Section 117 of the Higher Education Act of 1965 (HEA).
Following the Supreme Court’s decision on the original student debt relief plan, Biden announced an alternative approach through negotiated rulemaking under the Higher Education Act.