This bill matters because it helps veterans save money and time when pursuing a college degree. Many veterans enter higher education with valuable skills and knowledge gained from their military service, but often have to take introductory courses that cover material they already know. By allowing them to use their existing education benefits for exams and assessments that grant college credit, this bill recognizes and values their military experience.

If this bill becomes law, veterans could potentially reduce the number of courses they need to take, accelerating their path to a degree and reducing their overall student debt. If it doesn't become law, veterans would likely continue to pay out-of-pocket for these credit-earning exams or be forced to take courses for which they already possess the knowledge, costing them more time and money out of their existing educational benefits.