A bill to amend title 38, United States Code, to modify the delimiting period under limited circumstances; to revise the so-called 50-percent employment requirement for vocational courses; require State approving agencies to notify the Administrator of educational institutions cited for deceptive and illegal practices; imposes certain restrictions on correspondence-residence courses.

Extends the delimiting period for an eligible veteran prevented from initiating or completing a chosen program of education within the normal ten-year period because of a physical or mental disability.

Requires any veteran or institution seeking approval for a sales or sales management course to show that at least one-half of the persons who enrolled in it successfully completed their programs of instruction.

Requires each State approving agency to notify the Administrator of Veterans' Affairs of any educational institution which has been cited for, terminated because of, or is under investigation for illegal or improper practices, or for unsatisfactory performance or academic standards.

Requires approval of correspondence-residence training programs by appropriate nationally recognized accrediting agencies.