Franchise Education for Veterans Act

To amend title 38, United States Code, to allow certain veterans to use educational assistance provided by the Department of Veterans Affairs for franchise training. 1. Short title This Act may be cited as the Franchise Education for Veterans Act 2. Use of educational assistance for franchise training (a) GI Bill (1) Program of education Subparagraph (C) of section 3002(3) (C) in the case of an individual who is not serving on active duty, includes— (i) a full-time program of apprenticeship or of other on-job training approved as provided in paragraph (1) or (2), as appropriate, of section 3687(a) (ii) a cooperative program (as defined in section 3482(a)(2) (iii) a training program at a training establishment described in section 3452(e)(2) (I) is approved for purposes of chapter 32 or 34 of this title; and (II) is for a franchise (as defined in section 436.1 . (2) Limitations Section 3032 of such title is amended by adding at the end the following: (h) (1) Subject to paragraphs (3) and (4), the amount of educational assistance payable under this chapter for a program of education consisting of a training program at a training establishment described in section 3452(e)(2) of this title shall be, with respect to any 12-month period in which such training is pursued, the lesser of the following: (A) The sum of— (i) the fees assessed by the training establishment concerned for the training; (ii) a monthly housing stipend for each month (or pro rata amount for each partial month) of training pursued equal to the monthly amount of the basic allowance for housing payable under section 403 (iii) a monthly stipend in an amount equal to $83 for each month (or pro rata amount for each partial month) of training pursued for books supplies, equipment, and other educational costs. (B) $15,000. (2) The number of months of entitlement charged in the case of any individual for a training program described in paragraph (1) is equal to the number (including any fraction) determined by dividing the total amount of educational assistance paid such individual for such program by the full-time monthly institutional rate of educational assistance such individual would otherwise be paid under subsection (a)(1), (b)(1), (d), or (e)(1) of section 3015 of this title, as the case may be. (3) (A) In no event shall payment of educational assistance under this subsection for training described in paragraph (1) exceed the amount of the individual's available entitlement under this chapter. (B) With respect to an individual entitled to educational assistance under this subsection who is not described in subsection (a)(1) or (c)(1) of section 3015 of this title, the Secretary shall adjust the amount payable under paragraph (1) by an amount determined by the Secretary to reflect the difference in the rate of educational assistance such individual would be paid under such section as compared to the rate an individual described in subsection (a)(1) or (c)(1) of such section would be paid under such section. (4) A veteran may not receive— (A) more than 12 months of educational assistance under this subsection; and (B) a total amount of educational assistance under this subsection that is more than $15,000. . (b) Post-9/11 GI Bill (1) Approved programs Section 3313(b) of such title is amended by striking the period at the end and inserting , including a training program described in section 3002(3)(C)(iii) of this title. (2) Franchise training Section 3313(g)(3) of such title is amended by adding at the end the following new subparagraph: (E) Subject to clauses (ii) and (iii), in the case of an individual pursuing a program of education consisting of a training program at a training establishment described in section 3452(e)(2) of this title, amounts, with respect to any 12-month period in which such training is pursued, as follows: (i) An amount equal to the lesser of— (I) the sum of— (aa) the fees assessed by the training establishment concerned for the training; (bb) a monthly housing stipend for each month (or pro rata amount for each partial month) of training pursued equal to the monthly amount of the basic allowance for housing payable under section 403 (cc) a monthly stipend in an amount equal to $83 for each month (or pro rata amount for each partial month) of training pursued for books supplies, equipment, and other educational costs; or (II) $15,000. (ii) In the case of an individual entitled to educational assistance by reason of paragraphs (3) through (8) of sections 3311(b), the amounts payable pursuant to clause (i) shall be the amounts otherwise determined pursuant to such clause multiplied by the same percentage applicable to the monthly amounts payable to the individual under paragraphs (2) through (7) of subsection (c). (iii) A veteran may not receive— (I) more than 12 months of educational assistance under this subsection; and (II) a total amount of educational assistance under this subsection that is more than $15,000. . (3) Payments Section 3313(g)(4)(C) of such title is amended by adding at the end the following: (iii) Payment for the amount payable under paragraph (3)(E) for pursuit of a program of education consisting of a training program at a training establishment described in section 3452(e)(2) of this title shall be paid to the individual upon the Secretary receiving a certification of enrollment with respect to the individual made by such establishment. .

Summary: Franchise Education for Veterans Act - Allows eligible individuals to use Department of Veterans Affairs (VA) veterans' educational assistance benefits for franchise training. Provides training assistance limits for each 12-month period, prohibiting an individual from receiving more than 12 months and more than $15,000 of such assistance. Authorizes such training assistance under the post-9/11 veterans' educational assistance program, with the same assistance limits.