A bill to extend by five months (through September 1982) the period within which a child over age eighteen must have been already enrolled at the college level in order to qualify (after July 1982) for child's insurance benefits under title II of the Social Security Act as a postsecondary student, and to require that such a child (in order to so qualify) must have graduated from high school by the close of such period.

Amends the Omnibus Budget Reconciliation Act of 1981 to extend by five months (until September 30, 1982) the period within which an individual must have become a full-time student at a postsecondary educational institution in order to receive child's insurance benefits after July 1982 on the basis of student status under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act. Provides that such an individual must have graduated from a secondary school by the end of such period in order to qualify for such benefits.