Veterans and Service Members Education Benefits Act of 1980

[AI summary unavailable — showing source text] Veterans' and service members Education Benefits Act of 1980 - Establishes a Veterans' and service members Education Benefits Program for veterans who have served on active duty for a period of two years or more after December 31,1980. Entitles eligible veterans to one and one-half months of educational assistance for each month of such veteran's service and makes such veterans eligible for education loans. Provides that such veterans are eligible for educational assistance for the ten-year period following their discharge or release date. Sets forth procedures extending any applicable time period for such veterans who are prevented from initiating or completing a program of education under certain circumstances. Directs the Administrator of Veterans' Affairs to pay an educational assistance allowance to eligible veterans in the program. Makes any person who, after December 31, 1980, performs four years of service as a member of the Selected Reserve eligible for educational assistance limited to a maximum of 36 months, and an educational assistance allowance equal to one-half that of an eligible veteran. Grants to eligible veterans, who have served on active duty for eight years or…