Final answer:
The act funded at $20 million for nursing scholarships, public service announcements promoting nursing as a career, faculty loan cancellation programs, geriatric training grants, and nurse retention and safety enhancement grants is known as the Higher Education Act.
Step-by-step explanation:
Act that was funded at $20 million to provide nursing scholarships, public service announcements promoting nursing as a career, faculty loan cancellation programs, geriatric training grants, and nurse retention and safety enhancement grants is known as the Higher Education Act.
This act was signed into law by President Lyndon B. Johnson and has been renewed several times since then. It is responsible for funding higher education for millions of Americans and is considered an investment in 'human capital'.