A bill to amend title 38 of the United States Code in order to extend under certain circumstances the delimiting period for completing veterans' education programs.

Extends the delimiting period for completing veterans' education programs in the case of any eligible veteran who is pursuing an eligible program during the spring semester of 1976. Extends such period until the date the veteran completes, or ceases to pursue, such program or until June, 1, 1978, whichever occurs first.

Provides that the monthly educational assistance allowance payable to eligible veterans who pursue a program of education during the extension period provided for in this Act shall be reduced by specified amounts. (Adds 38 U.S.C. 1662(e))