The bill aims to amend existing laws related to postsecondary education financial assistance programs in Arkansas. It introduces new legal language that clarifies the purpose of the act, specifically stating that it is intended to amend the law concerning postsecondary financial assistance programs.

By updating the legal framework, the bill seeks to enhance the effectiveness and accessibility of financial assistance for students pursuing higher education. The changes are designed to ensure that the financial aid programs are more aligned with the current needs of students and educational institutions.