Bill · H.R. 967· House(119-HR-967)
Modern GI Bill Act
- Introduced
- 2/4/2025
- Last activity
- 3/5/2025 — Referred to the Subcommittee on Economic Opportunity.
- Sponsored by
- W. Steube
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Modern GI Bill Act seeks to amend title 38 of the United States Code. This change would allow individuals entitled to Post-9/11 educational assistance to use those benefits to pay off Federal student loans. The bill specifies that these payments can cover both principal and interest on a loan. It sets a maximum annual limit for these payments and establishes rules for monthly distributions. Additionally, it clarifies that these benefits cannot be transferred to another person.
Yes· 3 of 7
Does this reduce what student borrowers owe or repay?+6
The bill explicitly allows Post-9/11 GI Bill benefits to be applied directly toward the principal and interest of Federal student loans.
Would veterans be better off under this, taking everything together?+5
The bill provides veterans with more flexible ways to utilize their educational assistance to manage their financial obligations.
Does this increase the pay, pensions or support veterans receive?+5
The bill expands the utility of Post-9/11 educational assistance by allowing it to be used for student loan repayment.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Loan Repayment Flexibility: Individuals entitled to educational assistance for tuition or fees can apply their benefits toward the outstanding balance of principal and interest on a Federal student loan. (Section 2(a), Sec. 3320A(a))
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Annual Benefit Adjustments: To keep up with economic changes, the maximum annual amount is set to increase each fiscal year by the same percentage used for Social Security benefits. (Section 2(a), Sec. 3320A(b)(2))
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Direct Payment to Lenders: The Secretary will make payments directly to the lender of the Federal student loan, ensuring the funds are applied toward the debt. (Section 2(a), Sec. 3320A(e))
Potential Negative Impacts for People
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Annual Caps on Benefits: For fiscal year 2026, the payment of educational assistance under this specific section cannot exceed $15,900. (Section 2(a), Sec. 3320A(b)(1))
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Limits on Duration and Monthly Amounts: Monthly payments are capped at one-twelfth of the maximum annual amount, and the total number of monthly payments cannot exceed 36 months. (Section 2(a), Sec. 3320A(c)(1-2))
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Non-Transferable Benefits: An individual who is entitled to educational assistance under this section is prohibited from transferring that assistance to another individual. (Section 2(a), Sec. 3320A(d))
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+5Good For Students+4Good For Young Adults+4Good For Low Income Households+3
- Education And Technology
- Improves Student Loan Relief+6
- National Security And Foreign Policy
- Improves Veterans Benefits+5
- Social Issues And Justice
- Improves Poverty Reduction+3
- 3/5/2025
- Referred to the Subcommittee on Economic Opportunity.
- 2/4/2025
- Referred to the House Committee on Veterans' Affairs.
- Introduced in House