1. Short title This Act may be cited as the Military Learning for Credit Act of 2018 . 2. Authority for use of veterans educational assistance for examinations and assessments to receive credit toward degrees awarded by institutions of higher learning (a) In general An individual who is entitled to veterans educational assistance may use such assistance to cover the costs of covered examinations and assessments to receive credit toward degrees awarded by institutions of higher learning for approved programs of education. (b) Veterans educational assistance For purposes of this section, veterans educational assistance is educational assistance available to veterans and other eligible individuals under the provisions of law as follows: (1) Chapters 30, 32, 33, 34, and 35 of title 38, United States Code. (2) Any other provision of law providing educational assistance to a veteran, or to another individual in connection with the service of a veteran in the Armed Forces. (c) Limitation on amount usable The total amount of veterans educational assistance that may be used for the costs of a covered examination or assessment under subsection (a) may not exceed the lesser of— (1) the amount charged for the examination or assessment by the entity administering the examination or assessment; or (2) $500. (d) Charge against entitlement (1) In general The number of months (or fraction thereof) of entitlement charged an individual under the applicable provision of law specified in subsection (b) for use of veterans educational assistance for costs of covered examinations and assessments under this section shall be equal to the quotient obtained by dividing— (A) the cost of the examination or assessment (as determined pursuant to subsection (c))