To amend title 10, United States Code, to expand the education loan repayment program for members of the Selected Reserve.

[AI summary unavailable — showing source text] Includes within educational loans eligible for repayment by the Department of Defense (DOD) under the Selected Reserve education loan repayment program any educational loan made by a lender that is: (1) an agency or instrumentality of a state; (2) a financial or credit institution subject to examination and supervision by the United States or a state; (3) a pension fund approved by the Secretary of Defense; or (2) a nonprofit private entity designated and regulated by a state, and approved by the Secretary. Makes officers (under current law, only enlisted personnel) eligible for such repayments.…