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To amend title 38, United States Code, to allow individuals who are entitled to Post-9/11 educational assistance to use such assistance to repay Federal student loans.
Summary
The bill allows individuals entitled to Post-9/11 GI Bill educational assistance to use those benefits to repay their Federal student loans. The maximum annual amount is $15,900 in fiscal year 2026, with automatic annual adjustments based on Social Security benefit increases. Payments are made monthly at amounts the individual elects, with a maximum of 36 months of payments total and monthly amounts not exceeding one-twelfth of the annual maximum. Payments are made directly to the loan lender. The benefit cannot be transferred to another person and applies to all Federal student loans made under the Higher Education Act.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to W. Gregory Steube’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- CHENEY BROTHERS $7,800
- NEXTGEN MANAGEMENT $6,600
- STEPHENS, INC. $6,600
- NEPTUNE WELLNESS SOLUTIONS $6,600
- COOLTODAY $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for W. Gregory Steube → · Outside spending →
Actions (3)
- Mar 5, 2025 Referred to the Subcommittee on Economic Opportunity. · house
- Feb 4, 2025 Referred to the House Committee on Veterans' Affairs. · house
- Feb 4, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 4, 2025
Mr. Steube introduced the following bill; which was referred to the Committee on Veterans’ Affairs
A BILL
To amend title 38, United States Code, to allow individuals who are entitled to Post-9/11 educational assistance to use such assistance to repay Federal student loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Modern GI Bill Act”.
SEC. 2. USE OF POST-9/11 EDUCATIONAL ASSISTANCE TO REPAY FEDERAL STUDENT LOANS.
(a) Authority.—Subchapter II of chapter 33 of title 38, United States Code, is amended by inserting after section 3320 the following new section: “Sec. 3320A. Use of educational assistance benefits for the repayment of Federal student loans
“(a) Use of Benefits.—Notwithstanding any other provision of this chapter, 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 individual.
“(b) Maximum Annual Amount; Annual Adjustment.—(1) Payment of educational assistance under this section to an individual during fiscal year 2026 may not exceed $15,900.
“(2) In each fiscal year after fiscal year 2026, the dollar amount in paragraph (1) shall be increased by the same percentage as the percentage by which benefit amounts payable under title II of the Social Security Act (42 U.S.C. 401 et seq.) are increased effective December 1 of that year as a result of a determination under section 215(i) of such Act (42 U.S.C. 415(i)).
“(c) Monthly Payments: Maximum Amount; Maximum Number.—(1) 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 individual. No such amount may exceed one- twelfth of the maximum annual amount calculated under subsection
(b)(1).
“(2) The total number of months of payments for the repayment of a Federal student loan to an individual under this section may not exceed 36 months.
“(d) Benefit Non-Transferable.—Notwithstanding section 3319 of this title, an individual who is entitled to educational assistance under this section may not transfer such assistance to another individual.
“(e) 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 section.
“(f) Arrangements To Make Payments; Regulations.—The Secretary shall enter into such arrangements, and shall prescribe such regulations, that the Secretary determines necessary to carry out this section.
“(g) Federal Student Loan Defined.—In this section, the term ‘Federal student loan’ means any loan made, insured, or guaranteed under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.).”.
(b) Clerical Amendment.—The table of sections at the beginning of such chapter is amended by inserting after the item relating to section 3320 the following new item:
“3320A. Use of educational assistance benefits for the repayment of Federal student loans.”.
(c) 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 Act. <all>
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