A bill to amend title 38 of the United States Code in order to increase the rates of educational assistance and to otherwise improve the educational assistance program.

Extends to forty-five months (presently thirty-six) the maximum number of school months covered by veterans educational benefits for eligible veterans. Increases the rates of monthly assistance payable to such veterans.

Extends to ten years (presently eight years) the period in which veterans must initiate their training to be assisted by veterans' benefits.