A bill to extend by five months (through September 1982) the period within which a child over age 18 must have been already enrolled at the college level in order to qualify (after July 1982) for child's insurance benefits under title II of the Social Security Act as a postsecondary student; and to extend by one year (through mid-1986) the period during which such benefits may continue to be paid in the case of a child so qualified.

Amends the Omnibus Budget Reconciliation Act of 1981 to extend by five months (until September 30, 1982) the period within which an individual must have become a full-time student at a postsecondary educational institution in order to receive, after July 1982, child's insurance benefits on the basis of student status under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act. Extends by one year (through August 1986) the period during which such benefits may be paid to an individual so qualified.