A bill to amend title 38, United States Code, to provide for the payment of certain preservice educational loans made by veterans.

[AI summary unavailable — showing source text] Provides that each eligible person, if he has a preservice educational loan, shall be credited by the Administrator of Veterans' Affairs in the amount of $330 for each month of active duty served by him; but no eligible person may be credited for more than 24 months of active duty. Allows any eligible person to apply to the Administrator for payment by the Administrator of the eligible person's preservice educational loan with funds credited to him under this title.…