A bill to amend title 38 of the United States Code in order to increase the rates of veterans' educational assistance, to provide that automatic cost-of-living adjustments be made to such rates, and to otherwise improve the educational assistance program.

Increases the rates of veterans' educational assistance and lengthens the period of eligibility.

Provides that automatic cost-of-living increases of veterans' educational assistance allowances be made whenever it is determined that the Consumer Price Index has risen 3 per centum or more.

Revises the aggregate period for which any person may receive educational assistance under two or more separate programs of this Act.

Revises the disability criteria for eligibility for vocational rehabilitation by the Veterans' Administration.