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New Rules for Veteran Student Loan Repayment

This act allows post-9/11 veterans entitled to educational assistance to use these funds to repay federal student loans. This means they can allocate their education benefits to reduce student debt, potentially easing their personal finances. The maximum annual repayment amount is $15,900, with adjustments possible in future years.
Key points
Veterans can use Post-9/11 GI Bill educational benefits to repay federal student loans.
Maximum annual repayment amount is $15,900, subject to future increases.
Payments will be made directly to the lender for up to 36 months.
These benefits cannot be transferred to another individual.
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Additional Information
Modern GI Bill Act
Print number: HR 393
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2023-01-17