,i #aagth ,,congress #ast ,session ,h4 ,r4 #cei ,,in ,,the ,,house ,,of ,,representatives ,january #ai1 #bjba,mr4 ,steube 7for himself1 ,mrs4 ,rodgers of ,washington1 and ,mrs4 ,hinson7 introduced the following bill2 which was referred to the ,committee on ,veterans' ,affairs ,a ,,bill ,to amend title #ch1 ,united ,states ,code1 to allow individuals who are entitled to ,post-#i_/aa educational assistance to use such assistance to repay ,federal student loans4 #a4 ,short title ,this ,act may be cited as the ,modern ,,gi ,bill ,act4 #b4 ,use of ,post-#i_/aa educational assistance to repay ,federal student loans 7a7 ,authority ,subchapter ,,ii of chapter #cc of title #ch1 ,united ,states ,code1 is amended by inserting after section #ccbj the following new section3 #ccbj;,a4 ,use of educational assistance benefits for the repayment of ,federal student loans 7a7 ,use of benefits ,notwithstanding any other provision of this chapter1 an individual who is entitled to educational assistance for tuition or fees under this subchapter may apply amounts of such educational assistance to repay some or all of the outstanding balance of principal and interest due on a ,federal student loan to the individual4 7b7 ,maximum annual amount2 annual adjustment 7#a7 ,payment of educational assistance under this section to an individual during fiscal year #bjbj may not exceed #ae1ijj4 7#b7 ,in each fiscal year after fiscal year #bjbj1 the dollar amount in paragraph 7#a7 shall be increased by the same percentage as the percentage by which benefit amounts payable under title ,,ii of the ,social ,security ,act 7#db ,u4,s4,c4 #dja et seq47 are increased effective ,december #a of that year as a result of a determination under section #bae7;i7 of such ,act 7#db ,u4,s4,c4 #dae7;i774 7c7 ,monthly payments3 maximum amount2 maximum number 7#a7 ,the ,secretary shall make monthly payments under this section in such amounts as an individual who is entitled to educational assistance for tuition or fees under this subchapter may elect for the repayment of a ,federal student loan to that individual4 ,no such amount may exceed one-twelfth of the maximum annual amount calculated under subsection 7b77#a74 7#b7 ,the total number of months of payments for the repayment of a ,federal student loan to an individual under this section may not exceed #cf months4 7d7 ,benefit non-,transferable ,notwithstanding section #ccai of this title1 an individual who is entitled to educational assistance under this section may not transfer such assistance to another individual4 7e7 ,eligible payees ,the ,secretary shall make payments of educational assistance under this section directly to the lender of the ,federal student loan of the individual who is entitled to educational assistance under this section4 7f7 ,arrangements ,to make payments2 regulations ,the ,secretary shall enter into such arrangements1 and shall prescribe such regulations1 that the ,secretary determines necessary to carry out this section4 7g7 ,federal student loan defined ,in this section1 the term ,federal student loan means any loan made1 insured1 or guaranteed under title ,,iv of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajgj et seq474 4 7b7 ,clerical amendment ,the table of sections at the beginning of such chapter is amended by inserting after the item relating to section #ccbj the following new item3 #ccbj;,a4 ,use of educational assistance benefits for the repayment of ,federal student loans4 4 7c7 ,effective date ,the amendments made by this section shall apply to educational assistance paid for months beginning on or after the date of the enactment of this ,act4