Modern GI Bill Act

HR 967, the Modern GI Bill Act, allows veterans using Post-9/11 GI Bill benefits to apply those funds toward repaying federal student loans. It sets an annual cap of $15,900 (adjusted yearly based on Social Security increases) and limits total repayment to 36 months. Payments would be made directly to lenders, and the benefit cannot be transferred to others. This applies specifically to federal student loans under Title IV of the Higher Education Act.