This Act may be cited as the Fair College Admissions for Students Act.

(a) In general Section 487(a) of the Higher Education Act of 1965 (20 U.S.C. 1094(a)U.S. Code — Title 20, Section 1094(a)View official source on GovInfo) is amended by adding at the end the following: (30) The institution will not provide any manner of preferential treatment in the admission process to applicants on the basis of their relationships to— (A) donors to the institution; or (B) alumni of the institution.. (b) Effective date The amendment made by subsection (a) shall take effect on the first day of the second award year (as defined in section 481(a) of the Higher Education Act of 1965 (20 U.S.C. 1088(a)U.S. Code — Title 20, Section 1088(a)View official source on GovInfo)) that begins after the date of enactment of this Act.