A bill to amend title 38 of the United States Code to revise certain administrative requirements of the veterans' educational program.

Exempts courses which lead to a standard college degree from the "85-15" rule whereby the Administrator of Veterans' Affairs is required to disapprove enrollment of any eligible veteran, not already enrolled, in any course offered by a proprietary profit or proprietary nonprofit educational institution where more than 85 percent of the students enrolled have their fees paid by either the Veterans' Administration or the institution itself.

Revises the application of rules governing the two-year period a course must be in operation before enrollment of eligible veterans or persons can be approved.