text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Veterans Education Equity Act of 
  2011''.
  
  SEC. 2. PROTECTING EQUITY FOR TUITION AND FEES FOR INDIVIDUALS ENTITLED 
                TO ASSISTANCE UNDER THE POST-9/11 EDUCATIONAL ASSISTANCE 
                PROGRAM WHO ARE PURSUING PROGRAMS OF EDUCATION AT 
                INSTITUTIONS OF HIGHER LEARNING.
  
      (a) In General.--Clause (i) of subparagraph (A) of paragraph (1) of 
  subsection (c) of section 3313 of title 38, United States Code, is 
  amended to read as follows:
                              ``(i) In the case of a program of education 
                          pursued at a public institution of higher 
                          learning, the lesser of--
                                      ``(I) the actual net cost for 
                                  tuition and fees assessed by the 
                                  institution for the program of 
                                  education after the application of--
                                              ``(aa) any waiver of, or 
                                          reduction in, tuition and fees; 
                                          and
                                              ``(bb) any scholarship, or 
                                          other Federal, State, 
                                          institutional, or employer-
                                          based aid or assistance (other 
                                          than loans and any funds 
                                          provided under section 401(b) 
                                          of the Higher Education Act of 
                                          1965 (20 U.S.C. 1070a)) that is 
                                          provided directly to the 
                                          institution and specifically 
                                          designated for the sole purpose 
                                          of defraying tuition and fees; 
                                          or
                                      ``(II) the greater of--
                                              ``(aa) the actual net cost 
                                          for in-State tuition and fees 
                                          assessed by the institution for 
                                          the program of education after 
                                          the application of--
  
                                                      ``(AA) any waiver 
                                                  of, or reduction in, 
                                                  tuition and fees; and
  
                                                      ``(BB) any 
                                                  scholarship, or other 
                                                  Federal, State, 
                                                  institutional, or 
                                                  employer-based aid or 
                                                  assistance (other than 
                                                  loans and any funds 
                                                  provided under section 
                                                  401(b) of the Higher 
                                                  Education Act of 1965 
                                                  (20 U.S.C. 1070a)) that 
                                                  is provided directly to 
                                                  the institution and 
                                                  specifically designated 
                                                  for the sole purpose of 
                                                  defraying tuition and 
                                                  fees; or
  
                                              ``(bb) the amount equal 
                                          to--
  
                                                      ``(AA) for the 
                                                  academic year beginning 
                                                  on August 1, 2011, 
                                                  $17,500; or
  
                                                      ``(BB) for any 
                                                  subsequent academic 
                                                  year, the amount in 
                                                  effect for the previous 
                                                  academic year under 
                                                  this subclause, as 
                                                  increased by the 
                                                  percentage increase 
                                                  equal to the most 
                                                  recent percentage 
                                                  increase determined 
                                                  under section 3015(h) 
                                                  of this title.''.
  
      (b) Effective Date.--The amendment made by subsection (a) shall 
  apply with respect to the payment of educational assistance for an 
  academic year beginning on or after the date of the enactment of this 
  Act.
target: Veterans Education Equity Act of 2011 - Revises the formula for the payment by the Department of Veterans Affairs (VA) of tuition and fees for individuals entitled to educational assistance under the Post-9/11 Educational Assistance Program and pursuing programs of education at public institutions of higher learning to include, as an additional payment formula, the greater of: (1) the actual net costs for in-state tuition after applying the receipt of any tuition waivers, reductions, scholarships, or other assistance; or (2) $17,500 for the academic year beginning on August 1, 2011 (such amount to be increased each subsequent year by the average percentage increase in undergraduate tuition costs).
feat_title: To amend title 38, United States Code, to provide equity for tuition and fees for individuals entitled to educational assistance under the Post-9/11 Educational Assistance Program of the Department of Veterans Affairs who are pursuing programs of education at institutions of higher learning, and for other purposes.