,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #cei  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ai1 #bjba,mr4
 ,/eube 7= himself1 ,mrs4 ,rodg]s (     
,wa%+ton1 & ,mrs4 ,h9son7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,vet]ans' ,affairs  ,a    
,,bill  ,to am5d title #ch1 ,unit$      
,/ates ,code1 to all[ individuals :o are
 entitl$ to ,po/-#i_/aa educational     
assi/ance to use su* assi/ance to repay 
,f$]al /ud5t loans4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,mod]n ,,gi   
,bill ,act4  #b4 ,use ( ,po/-#i_/aa     
educational assi/ance to repay ,f$]al   
/ud5t loans  7a7 ,au?ority ,sub*apt]    
,,ii ( *apt] #cc ( title #ch1 ,unit$    
,/ates ,code1 is am5d$ by ins]t+ aft]   
section #ccbj ! foll[+ new section3     
#ccbj;,a4 ,use ( educational assi/ance  
b5efits = ! repaym5t ( ,f$]al /ud5t     
loans  7a7 ,use ( b5efits ,not)/&+ any  
o!r provision ( ?is *apt]1 an individual
 :o is entitl$ to educational assi/ance 
= tuition or fees "u ?is sub*apt] may   

apply am\nts ( su* educational assi/ance
 to repay "s or all ( ! out/&+ balance (
 pr9cipal & int]e/ due on a ,f$]al /ud5t
 loan to ! individual4  7b7 ,maximum    
annual am\nt2 annual adju/m5t  7#a7     
,paym5t ( educational assi/ance "u ?is  
section to an individual dur+ fiscal ye>
 #bjbj may n exce$ #ae1ijj4  7#b7 ,9 ea*
 fiscal ye> aft] fiscal ye> #bjbj1 !    
doll> am\nt 9 p>agraph 7#a7 %all be     
increas$ by ! same p]c5tage z ! p]c5tage
 by :i* b5efit am\nts payable "u title  
,,ii ( ! ,social ,security ,act 7#db    
,u4,s4,c4 #dja et seq47 are increas$    
effective ,decemb] #a ( t ye> z a result
 ( a det]m9ation "u section #bae7;i7 (  
su* ,act 7#db ,u4,s4,c4 #dae7;i774  7c7 
,mon?ly paym5ts3 maximum am\nt2 maximum 
numb]  7#a7 ,! ,secret>y %all make      
mon?ly paym5ts "u ?is section 9 su*     
am\nts z an individual :o is entitl$ to 
educational assi/ance = tuition or fees 
"u ?is sub*apt] may elect = ! repaym5t (
 a ,f$]al /ud5t loan to t individual4   
,no su* am\nt may exce$ "o-twelf? ( !   

maximum annual am\nt calculat$ "u       
subsection 7b77#a74  7#b7 ,! total numb]
 ( mon?s ( paym5ts = ! repaym5t ( a     
,f$]al /ud5t loan to an individual "u   
?is section may n exce$ #cf mon?s4  7d7 
,b5efit non-,transf]able ,not)/&+       
section #ccai ( ?is title1 an individual
 :o is entitl$ to educational assi/ance 
"u ?is section may n transf] su*        
assi/ance to ano!r individual4  7e7     
,eligible payees ,! ,secret>y %all make 
paym5ts ( educational assi/ance "u ?is  
section directly to ! l5d] ( ! ,f$]al   
/ud5t loan ( ! individual :o is entitl$ 
to educational assi/ance "u ?is section4
  7f7 ,arrangem5ts ,to make paym5ts2    
regulations ,! ,secret>y %all ent] into 
su* arrangem5ts1 & %all prescribe su*   
regulations1 t ! ,secret>y det]m9es     
necess>y to c>ry out ?is section4  7g7  
,f$]al /ud5t loan def9$ ,9 ?is section1 
! t]m ,f$]al /ud5t loan means any loan  
made1 insur$1 or gu>ante$ "u title ,,iv 
( ! ,high] ,education ,act ( #aife 7#bj 
,u4,s4,c4 #ajgj et seq474  4  7b7       

,cl]ical am5dm5t ,! table ( sections at 
! beg9n+ ( su* *apt] is am5d$ by ins]t+ 
aft] ! item relat+ to section #ccbj !   
foll[+ new item3  #ccbj;,a4 ,use (      
educational assi/ance b5efits = !       
repaym5t ( ,f$]al /ud5t loans4  4  7c7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to educational       
assi/ance paid = mon?s beg9n+ on or aft]
 ! date ( ! enactm5t ( ?is ,act4