INCREASE IN MAXIMUM AMOUNT FOR COLLEGE FUND PROGRAM.

SEC. 565. INCREASE IN MAXIMUM AMOUNT FOR COLLEGE FUND PROGRAM. (a) Increase in Maximum Rate for Active Component Montgomery GI Bill Supplement.— Section 3015(d) of title 38, United States Code, is amended— (1) by inserting “, at the time the individual first becomes a member of the Armed Forces,” after “Secretary of Defense, may”; and (2) by striking out “$400” and all that follows through“that date” and inserting in lieu thereof “$950 per month”, (b) Effective Date.— The amendments made by subsection (a) shall take effect on October 1, 1998, and shall apply with respect to individuals who first become members of the Armed Forces on or after that date.