The bill amends the law regarding tuition benefits for soldiers and airmen of the Arkansas National Guard by expanding eligibility to include those attending certain private two-year and four-year colleges and universities. Specifically, it introduces new provisions that allow these service members to receive a tuition benefit equivalent to what they would have received if enrolled in a state-supported institution.

Additionally, the bill defines "private institution of higher education" as a private, nonprofit college or university located in Arkansas that qualifies for Title IV federal student aid funds. This change aims to enhance educational opportunities for Arkansas National Guard members by broadening the scope of institutions where they can utilize their tuition benefits.