Modern GI Bill Act

Modern GI Bill Act

This bill authorizes individuals who are entitled to educational assistance under the Post-9/11 GI Bill to apply amounts of such assistance to repay federal student loans for up to 36 months.

The bill sets a cap and annual cost-of-living increases for the amount of educational assistance that may be paid to an individual under this bill during FY2024 and the following years.

The Modern GI Bill Act, also known as Bill 118 hr 393, is a piece of legislation introduced in the US Congress aimed at updating and improving the GI Bill for veterans. The GI Bill is a federal program that provides education and training benefits to veterans and their families.

The Modern GI Bill Act seeks to expand and enhance the benefits available to veterans under the GI Bill. Some of the key provisions of the bill include increasing the amount of financial assistance available to veterans for education and training, expanding eligibility criteria to include more veterans, and providing additional support services to help veterans succeed in their educational pursuits.

Additionally, the bill aims to streamline the application process for veterans seeking GI Bill benefits and improve the oversight and accountability of the program to ensure that funds are being used effectively and efficiently. Overall, the Modern GI Bill Act is designed to better support and empower veterans as they transition back to civilian life and pursue their educational and career goals. It is currently being considered by Congress and has received bipartisan support.