Veterans Education Assistance Program

VEAP Sees Your Investment... and Doubles It.

No, you're not seeing double; the VA has a program that increases your educational savings 2 to 1. It's called Veterans Educational Assistance Program (VEAP).

VEAP is available if you made contributions from your military pay to participate. Your contributions are matched $2 for $1 by the Government. It's that simple, and that generous. You can use these benefits for degree, certificate, correspondence, apprenticeship/on-the-job training programs, and vocational flight training programs. Remedial, deficiency, and refresher training may also be available. Even certain work-study programs and tutorial assistance can be eligible for benefits.

VEAP simply adds double-the-dollars based on what is already in your educational savings plans. You just can't get those kinds of odds anywhere else.

Use It Or...

Now that you've got a healthy benefit saved up for your education, it's up to you to use it. Benefit entitlement is 1 to 36 months depending on your number of monthly contributions. You have 10 years from your release from active duty to use your VEAP benefits. If there is entitlement not used after the 10-year period, the portion remaining in the fund will be automatically refunded.

To qualify, you must meet the following requirements:

• Entered service for the first time between January 1, 1977, and June 30, 1985;
• Opened a contribution account before April 1, 1987;
• Voluntarily contributed from $25 to $2700;
• Completed your first period of service; and
• Were discharged or released from service under conditions other than dishonorable.

Make sure your selected program is approved for VA training. If you are not sure, the VA will inform you and the school or company about the requirements.

Leverage Your Future With VEAP

If you are currently on active duty and wish to receive VEAP benefits, you must have at least 3 months of contributions available. You can change your mind and formally request a refund of your contributions.

VEAP can leverage your education savings to catapult you into your future.