Bill > HR967

This bill allows individuals who are entitled to Post-9/11 educational assistance (a benefit for veterans and service members) to use their educational benefits to repay federal student loans. Specifically, the bill creates a new provision that permits veterans to apply their tuition and fee assistance to pay down outstanding student loan principal and interest. The annual repayment amount is capped at $15,900 in fiscal year 2026, with subsequent years' limits adjusted based on Social Security benefit increases. Individuals can receive monthly payments towards their loans, with a maximum of 36 months of total payments. The educational assistance cannot be transferred to another person, and payments will be made directly to the student loan lender. The bill defines "federal student loan" as any loan made, insured, or guaranteed under the Higher Education Act of 1965, which covers most federal student loans. The provisions will take effect for educational assistance paid in months beginning on or after the date of the bill's enactment, providing a new option for veterans to manage their student loan debt using their earned educational benefits.

Business and Industry, Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/967/all-info