Armed Forces Educational Assistance Act of 1980

[AI summary unavailable — showing source text] Armed Forces Educational Assistance Act of 1980 - Establishes an Armed Forces Educational Assistance Program for persons who enter military service after September 30, 1980, and serve on active duty for three years or more. Sets forth a schedule of educational assistance entitlement for such veterans as follows: (1) for service of 36 consecutive months but less than 48 consecutive months and an agreement to serve three years in the Ready Reserve, 18 months of assistance; (2) for service of 48 consecutive months but less than 72 consecutive months and an agreement to serve four years in the Ready Reserve, 36 months of assistance; and (3) for service of 72 consecutive months, 36 months of assistance. Allows eligible veterans who have served on active duty for 16 years by September 30, 1986, to transfer their educational entitlement to their spouse or children. Makes any veteran entitled to assistance under this Act eligible to participate in the Predischarge Education Program (PREP) and eligible for education loans. Provides that such veterans are eligible for educational assistance for the six-year period following their discharge or release date. Sets forth procedures extending any…