To amend title 10, United States Code, to encourage recruitment and retention of members of the reserve components through extension of various educational assistance programs of the Department of Defense.

Provides for Federal armed forces educational assistance for educational programs beyond the baccalaureate level in the case of assistance earned by service performed under an enlistment, reenlistment, or extension of enlistment by an enlisted member, or an agreement to a period of obligated service by an officer, entered into after September 30, 1990.

Authorizes the Secretary of Defense to repay general education loans in the case of service performed by a member of the Selected Reserve. (Currently, such repayment is permitted only if the member of the Selected Reserve is an enlisted member.)