Veterans' Equity in Education Act of 2006

H.R. 5174, the Veterans' Equity in Education Act of 2006, seeks to change how financial aid is calculated for student veterans. Under this bill, the government would no longer count the money a service member personally contributed to their GI Bill benefits as "financial assistance" when determining their eligibility for additional federal student aid. By excluding these out-of-pocket military pay deductions from the eligibility formula, the bill aims to help veterans qualify for more federal grants and loans to cover their college expenses.