The main purpose of this legislation is to amend the Higher Education Act of 1965 to expand eligibility for certain grants to additional institutions, specifically those that are historically Black colleges and universities (HBCUs) and predominantly Black institutions (PBIs). The goal is to support these institutions in offering graduate education programs, which can enhance educational opportunities for students. Key provisions of the legislation include the addition of specific criteria for HBCUs and PBIs to qualify for federal grants.