H.R. 967, titled the “Modern GI Bill Act,” amends title 38 of the United States Code to allow individuals who are eligible for Post-9/11 educational assistance to use these benefits to pay off their Federal student loans. A beneficiary can apply their education benefits to...
Simple Explanation
The Modern GI Bill Act lets people who served in the military use some of the money they get for school to help pay off their student loans, but there's a limit on how much they can use each year and for how long. This helps them pay off their school debt easier, just like getting some extra help with a big piggy bank to pay the bank back.