The "Eliminate DEI in Colleges Act" proposes to amend the Higher Education Act of 1965, making institutions of higher education ineligible for federal funding if they carry out diversity, equity, and inclusion (DEI) initiatives. To receive any federal financial assistance, including student loans, institutions must certify that they neither implement programs nor maintain offices whose primary purpose is to advocate, promote, or support DEI. The bill defines "diversity, equity, and inclusion" as the classification of individuals based on characteristics like race, sex, or gender identity, followed by differential or preferential treatment. Institutions must provide information to verify their compliance, and the Secretary of Education is tasked with publishing regulations for implementation. An appeals process is established for institutions facing termination of financial assistance.