To amend title 38, United States Code, to increase certain rates of educational assistance, and for other purposes.

Increases the rates of veterans' basic educational assistance, survivors and dependents educational assistance, the allowances provided for the pursuit of correspondence courses, special restorative training, and apprenticeship training, and basic educational assistance for members of the Selected Reserve.

Increases such rates annually for fiscal years beginning on or after October 1, 1998 (currently, October 1, 1994) by the percentage increase in the Consumer Price Index.