A bill to amend the Higher Education Act of 1965 to increase the eligibility of members of the military reserves and of the National Guard for basic educational opportunity grants by $500.

Amends the Higher Education Act of 1965 to increase by $500 the amount per academic year of any basic educational grant to any individual who, on or after October 1, 1980, enlists, reenlists, or extends an enlistment in, or is originally appointed in, a Reserve component of the United States.