# § 3564. Annual adjustment of amounts of educational assistance
**(a)** With respect to any fiscal year, the Secretary shall provide a percentage increase in the rates payable under sections 3532, 3534(b), and 3542(a) of this title equal to the percentage by which—
**(1)** the Consumer Price Index (all items, United States city average) for the 12-month period ending on the June 30 preceding the beginning of the fiscal year for which the increase is made, exceeds
**(2)** such Consumer Price Index for the 12-month period preceding the 12-month period described in paragraph (1).
**(b)** Any increase under subsection (a) in a rate with respect to a fiscal year after fiscal year 2004 and before fiscal year 2014 shall be rounded down to the next lower whole dollar amount. Any such increase with respect to a fiscal year after fiscal year 2013 shall be rounded to the nearest whole dollar amount.
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**Source Credit**: (Added Pub. L. 106–419, title I, § 111(f)(1)(A), Nov. 1, 2000, 114 Stat. 1831; amended Pub. L. 108–183, title III, § 304(b), Dec. 16, 2003, 117 Stat. 2660.)
## Editorial Notes
### Amendments
2003— designated existing provisions as subsec. (a), struck out “(rounded to the nearest dollar)” after “percentage increase”, and added subsec. (b).
## Statutory Notes and Related Subsidiaries
### Effective Date
> “Sections 3564 and 3687(d) of title 38, United States Code, as added by this subsection, shall take effect on
>
> .”
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