(U.S. Code, Title 38, Chapter 32)
Most veterans who participated in the VEAP program, where VA contributes $2 for every $1 contributed by the servicemember, have since converted to the Montgomery GI Bill
VEAP eligibility criteria
- Must have entered active duty between Jan. 1, 1977, and June 30, 1985
- Must have opened a contribution account before April 1, 1987
- Must have voluntarily contributed $25 to $2,700
- Must have completed at least the first period of service
- Must have received a discharge under conditions other than dishonorable
- Active-duty personnel must have at least three months of contributions available to use VEAP
What does VEAP cover?
- Costs of obtaining a college degree
- Costs of certificate, apprenticeship, correspondence or on-the-job training programs
- In certain circumstances, remedial, deficiency or refresher classes or training
What is the window to use it?
- The maximum entitlement is 36 months of education costs
- VEAP must be used within 10 years of discharge from active duty
- The veteran’s portion of entitlement money not used by the end of the 10-year window will be refunded
Visit VA's Web site to download the VEAP booklet.